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| Pig price today, December 11: Pig price is stable, farmers and small businesses are out of breath, profits have decreased sharply. (Source: Meat Deli) |
Pig price today 11/12
* The pig market in the North recorded no new changes.
Currently, traders in Lao Cai and Ninh Binh are purchasing live pigs at the lowest price in the region of 48,000 VND/kg.
Meanwhile, live pigs in Yen Bai , Hung Yen, Thai Nguyen, Ha Nam and Hanoi are being traded at the highest price of 50,000 VND/kg. The remaining provinces and cities remain stable at 49,000 VND/kg.
Today's live pig price in the North is around 48,000 - 50,000 VND/kg.
* Pig prices in the Central and Central Highlands regions remained stable across a wide area.
Accordingly, the price of live pigs in Thanh Hoa, Nghe An, Ha Tinh, Quang Tri, Binh Dinh, Dak Lak and Ninh Thuan is 47,000 VND/kg - the lowest in the region.
Except for Quang Binh and Quang Ngai, which are anchored at 49,000 VND/kg, the remaining provinces have live pig prices of 48,000 VND/kg.
Currently, the price of live pigs in the Central and Central Highlands regions is around 47,000 - 49,000 VND/kg.
* In the Southern region, the price of live pigs also has no new changes.
Specifically, the price of live pigs in Ca Mau is 51,000 VND/kg - the highest in the region.
Live pigs in the remaining provinces and cities are purchased stably at prices ranging from 47,000 - 50,000 VND/kg.
The price of live pigs in the Southern region today fluctuates between 47,000 - 51,000 VND/kg.
* Mr. Tong Xuan Chinh, Deputy Director of the Department of Animal Husbandry (Ministry of Agriculture and Rural Development) said that the production cost of large-scale enterprises fluctuates between 50,000 - 55,000 VND/kg. This means that at present, enterprises are operating below cost price.
“Both farmers and small businesses are struggling because they are operating below cost. Large businesses are also seeing a sharp drop in profits,” he stressed.
According to the Deputy Director of the Department of Animal Husbandry, the total pig herd has reached nearly 29 million. If there is no sudden disease outbreak, Vietnam is not worried about supply at all. However, the biggest concern is when prices will increase, improving farmers' income and businesses' profits.
In addition, the epidemic in livestock is no longer severe because over the years, the toxins have gradually decreased and are no longer as strong as when they first appeared.
“With the current situation, economic growth is not the driving force. We have not found a clear driving force for the livestock industry, we only hope that consumption demand and purchasing power will improve during the Lunar New Year period,” said Mr. Chinh.
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