Pig prices remain stable, market maintains gloomy trend

The price of live pigs today, December 18, remains stable across the country, fluctuating between 47,000 - 51,000 VND/kg.

Giá heo hơi hôm nay 13/9: (Nguồnvnbusiness

Pig price today December 18: Pig price remains stable, market maintains gloomy trend. (Source: Vnbusiness)

Pig price today 12/18

* Pig prices in the Northern region remained stable today.

Accordingly, Yen Bai and Thai Binh provinces continue to purchase at 51,000 VND/kg - the highest in the region.

The remaining localities did not record any new changes.

Today's live pig price in the North is around 49,000 - 51,000 VND/kg.

* Pig prices in the Central and Central Highlands regions have stagnated.

Currently, localities including Ha Tinh, Binh Dinh, Dak Lak and Ninh Thuan are trading at 47,000 VND/kg.

Other provinces continue to purchase at 48,000 - 49,000 VND/kg.

Currently, the purchase price of live pigs in the Central and Central Highlands regions is around 47,000 - 49,000 VND/kg.

* Pig prices in the Southern region remain stable following the general trend.

Accordingly, Ca Mau province continues to purchase at the highest price in the region of 51,000 VND/kg. Live pigs in other provinces and cities are purchased at prices ranging from 47,000 - 50,000 VND/kg.

The price of live pigs in the Southern region today is between 47,000 - 51,000 VND/kg.

* The reason for the prolonged gloomy pork prices is that the epidemic situation has not been completely controlled, causing a large number of infected pigs to be released into the market. In addition, the situation of smuggled livestock products is still complicated while the market consumption is low.

Normally, the end of the year marks the peak of pork consumption, causing prices to increase sharply. However, this year's picture is the opposite, with prices falling sharply but still difficult to sell, causing many farmers to worry.

Commenting on the price of live pigs in the coming time, many livestock farming units predict that low purchasing power along with complicated developments of the epidemic will continue to keep domestic pork prices low until the end of 2023, possibly only increasing again near the Lunar New Year.

Mr. Nguyen Kim Doan, Vice Chairman of the Dong Nai Province Livestock Association, said that at the end of the year, social demand increases, so pork prices may increase, but the increase will not be significant. The reason is that consumer demand this year will be less due to economic difficulties and low incomes.

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