Can pig prices recover from now until the end of the year?

Live pig prices in the Northern region decreased by 1,000 - 3,000 VND/kg last week, fluctuating between 59,000 - 61,000 VND/kg.

Pig price today August 20: Can pig price recover from now until the end of the year? (Source: MEAT Deli)

Pig price today 8/20

* Pig prices in the North decreased by 1,000 - 3,000 VND/kg last week.

Specifically, Thai Nguyen province reduced 1,000 VND/kg to 61,000 VND/kg. Yen Bai and Lao Cai provinces both reduced 3,000 VND/kg to 59,000 VND/kg.

With the same decrease, 60,000 VND/kg is the purchase price recorded in the two provinces of Thai Binh and Vinh Phuc.

The remaining localities also reduced by 2,000 VND/kg to around 60,000 - 61,000 VND/kg.

Today's live pig price in the North is between 59,000 - 61,000 VND/kg.

* The live pig market in the Central and Central Highlands regions decreased by 1,000 - 2,000 VND/kg last week.

Accordingly, live pigs in Dak Lak and Binh Dinh provinces were purchased at VND57,000/kg, down VND1,000/kg and VND2,000/kg, respectively.

58,000 VND/kg is the transaction price in Quang Tri, Quang Ngai, Ninh Thuan and Binh Thuan after a decrease of 1,000 VND/kg. Ha Tinh reduced the price to 59,000 VND/kg.

Thanh Hoa and Nghe An provinces both decreased by 2,000 VND/kg to 60,000 VND/kg. Other localities had stable transactions.

Currently, the purchase price of live pigs in the Central and Central Highlands regions is around 57,000 - 60,000 VND/kg.

* Pig prices in the South dropped by the most 2,000 VND/kg last week.

Accordingly, Soc Trang province reduced the price to 56,000 VND/kg.

Traders in the three provinces of Long An, Vinh Long and Tra Vinh traded at 57,000 VND/kg, down 1,000 - 2,000 VND/kg.

Except for Dong Nai, Binh Duong, Can Tho, Hau Giang and Ben Tre, the remaining localities reduced by VND 1,000/kg to VND 58,000/kg.

The price of live pigs in the Southern region today is around 57,000 - 60,000 VND/kg.

* According to Mr. Nguyen Van Trong, former Deputy Director of the Department of Animal Husbandry (Ministry of Agriculture and Rural Development), the price of live pigs will stagnate in the seventh lunar month. However, demand may be pulled back a bit when schools start the new school year, and the demand for communal kitchens will increase somewhat.

Many agricultural experts believe that pig prices will likely recover from now until the end of the year. Cyclically, pig prices often increase in the third and fourth quarters of each year.

It is forecasted that from now until the end of the year, the price of live pigs may improve, fluctuating around 65,000 VND/kg, when the demand for food increases again in the context of the tourism and service industries continuing to recover and China's economic recovery, the increase in pork prices in this country may partly affect the Vietnamese market.

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