Pig prices are "quiet" across the board, consumption and supply go in opposite directions.

Pig price today, November 2, is quiet nationwide, fluctuating between 50,000 - 54,000 VND/kg.

(Source: Financial Times)

Pig price today November 2

* Pig prices in the North have not recorded any new fluctuations.

In which, localities including Yen Bai , Lao Cai and Ninh Binh purchased at the price of 51,000 VND/kg.

The remaining localities traded stably at around 52,000 - 53,000 VND/kg.

Pig price today in the North is around 51,000 - 53,000 VND/kg.

* The pig market in the Central and Central Highlands regions is stable.

Thanh Hoa province continues to trade at the highest level in the region at 53,000 VND/kg.

51,000 - 52,000 VND/kg is the price range recorded in the remaining localities.

Currently, the purchase price of live pigs in the Central and Central Highlands regions is around 51,000 - 53,000 VND/kg.

* According to a survey, pig prices in the South have stagnated.

54,000 VND/kg is the transaction price recorded in Ca Mau province.

The remaining provinces and cities maintain purchasing prices from 50,000 VND/kg to 54,000 VND/kg.

Pig price in the Southern region today is around 50,000 - 54,000 VND/kg.

* With pork prices at low levels, combined with production costs rising sharply due to the outbreak of African swine fever, many farmers said they are losing 6,000 - 8,000 VND/kg of live pigs sold. The loss will be even greater if the rate of infected and dead pigs is high.

Normally, at the end of the year, the demand for meat consumption will increase sharply, pushing up the price of pork. However, this year's market has been unusual, the price of live pigs from September 2023 until now has not improved, even decreased sharply.

Mr. Pham Kim Dang, Deputy Director of the Department of Animal Husbandry (Ministry of Agriculture and Rural Development) said that the low price of live pigs is mainly due to economic difficulties, workers' incomes have not recovered after the Covid-19 pandemic, and food consumption has decreased. Meanwhile, domestic supply is still quite abundant.

By the end of September, the output of live pigs for slaughter is estimated at 3.6 million tons, up 7% over the same period in 2022.

Regarding the reason why African swine fever has brought down the price of live pigs, according to Mr. Pham Kim Dang, the epidemic has broken out but not much. However, this information also affects the psychology of pig farmers, the price of pigs has decreased and people are selling off the epidemic.

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