Pig price today November 1: Pig price bounces back, supply

The price of live pigs today, November 1, in the Central and Central Highlands regions increased slightly in some provinces, fluctuating between 50,000 - 53,000 VND/kg.

Pig price today, November 1: Pig price rebounds, supply and demand for livestock farming are quite balanced. (Source: Investment)

Pig price today 11/1

* The pig market in the North moved sideways today.

According to records, live pigs in Hung Yen province are being traded at 53,000 VND/kg, the highest in the region.

Traders in the remaining provinces and cities maintained stable purchasing prices from 51,000 VND/kg to 52,000 VND/kg.

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

* Pig prices in the Central and Central Highlands regions increased slightly in some provinces.

According to a survey, the provinces of Thanh Hoa, Nghe An, Ha Tinh, Quang Binh and Ninh Thuan all increased by 1,000 VND/kg, currently fluctuating between 51,000 - 53,000 VND/kg, depending on the region.

The remaining provinces in the region have prices unchanged compared to yesterday.

Currently, the price of live pigs in the Central and Central Highlands regions is around 50,000 - 53,000 VND/kg.

* In the Southern region, the price of live pigs increased by 1,000 VND/kg.

Specifically, Binh Phuoc, Ho Chi Minh City and Bac Lieu all raised the price of live pigs to a common level of 52,000 VND/kg.

Can Tho province adjusted the purchase price of live pigs to 53,000 VND/kg.

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

* According to the Department of Animal Husbandry - Ministry of Agriculture and Rural Development, in October, the price of live pigs decreased nationwide, while the cost of disease prevention increased, the price of animal feed did not decrease significantly, so livestock farms faced difficulties. If the disease increases and the price of pigs continues to decrease, small-scale farmers will limit investment in herd restoration, or even stop raising pigs.

The farm and business sector can still maintain stable livestock farming scale due to the advantages of closed production processes, lower livestock costs, and good disease prevention mechanisms. It is estimated that the total pig herd of the whole country by the end of October 2023 will increase by about 3.4% compared to the same period in 2022.

Currently, the domestic livestock supply and demand are generally quite balanced, meeting domestic consumption needs. It is forecasted that from now until the end of the year, pork prices will stabilize at a level that is suitable for both farmers and consumers.

Source