Pork prices remain stable across the board, while consumption and supply move in opposite directions.

Today, November 2nd, live pig prices remain stable nationwide, fluctuating between 50,000 and 54,000 VND/kg.

(Source: Financial Times)

Pork price today, November 2nd

* No new changes were recorded in live pig prices in the North.

Specifically, localities including Yen Bai , Lao Cai, and Ninh Binh are purchasing it at a price of 51,000 VND/kg.

In other localities, prices remained stable at around 52,000 - 53,000 VND/kg.

Today's live pig price in Northern Vietnam is in the range of 51,000 - 53,000 VND/kg.

The live pig market in the Central and Central Highlands regions remains stable.

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

The price range recorded in other localities is 51,000 - 52,000 VND/kg.

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

According to the survey, pork prices in the South have stabilized.

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

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

Today, the price of live pigs in the Southern region is in the range of 50,000 - 54,000 VND/kg.

* With low pork prices and sharply rising production costs due to the African swine fever outbreak, many farmers report losses of 6,000-8,000 VND per kilogram of live pig sold. The losses could be even higher if the rate of infected and dying pigs is high.

Normally, at the end of the year, demand for meat increases sharply, driving up pork prices. However, this year's market has been unusual; pork prices have not improved since September 2023, and have even fallen sharply.

According to Mr. Pham Kim Dang, Deputy Director of the Department of Animal Husbandry (Ministry of Agriculture and Rural Development), the drop in pork prices is mainly due to economic difficulties, the fact that workers' incomes have not yet recovered after the Covid-19 pandemic, and a decrease in food consumption. Meanwhile, domestic supply remains quite abundant.

By the end of September, the estimated output of live pigs for slaughter reached 3.6 million tons, an increase of 7% compared to the same period in 2022.

Regarding the reasons why African swine fever has driven down pork prices, according to Mr. Pham Kim Dang, the outbreak was not widespread. However, this information has affected the psychology of pig farmers, causing prices to fall and people to sell their pigs quickly due to the disease.

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