Pig prices are calm, farmers are excited because they have made a profit

The price of live pigs today, July 10, in the Northern region is calm, fluctuating between 64,000 - 67,000 VND/kg, the highest in the country.

(Source: Eva)

Pig price today 7/10

* The pig market in the North is quiet.

Of which, the price of live pigs in Yen Bai, Lao Cai, Nam Dinh, Ha Nam and Ninh Binh is 64,000 VND/kg - the lowest in the region.

Meanwhile, traders in Hung Yen and Thai Binh provinces purchased live pigs at the highest price in the region of 67,000 VND/kg. The remaining provinces and cities kept prices stable at 65,000 VND/kg.

Today's live pig price in the North is around 64,000 - 67,000 VND/kg.

* Pig prices in the Central and Central Highlands regions remain stable.

Specifically, Dak Lak province is trading live pigs at 59,000 VND/kg - the lowest in the region.

Higher than 60,000 VND/kg include Quang Binh, Quang Nam, Quang Ngai, Thua Thien Hue, Khanh Hoa, Binh Thuan and Ninh Thuan. The price of live pigs in the remaining provinces is stable at 61,000 - 63,000 VND/kg.

Currently, the price of live pigs in the Central and Central Highlands regions ranges from 59,000 - 63,000 VND/kg.

* In the Southern region, the price of live pigs today also did not record any new changes.

Currently, the provinces of Vinh Long, Kien Giang, Ca Mau, Tien Giang and Tra Vinh are anchored at 59,000 VND/kg.

60,000 VND/kg is the price of live pigs in Binh Phuoc, Ho Chi Minh City, Tay Ninh, Dong Thap, Hau Giang, Bac Lieu, Ben Tre and Soc Trang.

Except for Vung Tau City, which is anchored at 62,000 VND/kg, the remaining provinces and cities maintain transactions at 61,000 VND/kg.

The price of live pigs in the Southern region today fluctuates between 59,000 - 62,000 VND/kg.

* Mr. Nguyen The Chinh, Head of the Livestock and Poultry Wholesale Market Management Board in Ha Nam, said that the current price of pigs at the wholesale market ranges from 66,000 - 69,000 VND/kg depending on the type and quality, an increase of 16,000 - 20,000 VND/kg compared to the beginning of April 2023 and before.

He emphasized: “With the high price of live pigs, farmers are very excited because they have made a profit after a long period of loss-making farming. Currently, every day, about 10-12 trucks (about 120-150 tons) of pigs from the localities are transported to the wholesale market for trading, and all are sold within the day.

It is forecasted that in the coming time, the price of live pigs will continue to increase due to increasing consumption demand, while the rate of herd restoration in households is very low, mainly from large farms.

In particular, under the direction of the Prime Minister and the State Bank of Vietnam, many banks have reduced deposit interest rates and lending interest rates, which have had a positive impact on the recovery of production and business of enterprises, leading to an increase in the rate of employment and stable income.

Therefore, the demand for meat and meat products is expected to increase.

Source