Pig price today March 4, 2024: Lowest 54,000 VND/kg

Pig price in the North today March 4, 2024

In the Northern region, the price of live pigs today, March 4, 2024, continues to be calm and fluctuates between 56,000 - 57,000 VND/kg.

Pig price today, March 4, 2024, lowest 54,000 VND/kg

Accordingly, the highest price in the region of 57,000 VND/kg was recorded in Bac Giang, Hung Yen, Thai Nguyen, Thai Binh , Ha Nam, Vinh Phuc, and Hanoi.

On the other hand, the lowest price in the region of 56,000 VND/kg was recorded in Yen Bai , Lao Cai, Nam Dinh, Phu Tho, Ha Nam, Ninh Binh, and Tuyen Quang.

Northern pig price today March 4, 2024 is quiet on the first day of the week

Latest live pig prices in the Central Highlands region

In this area, the price of live pigs today did not record any new fluctuations and fluctuated between 54,000 - 57,000 VND/kg.

Accordingly, the highest price in the region of 57,000 VND/kg was recorded in Binh Thuan .

On the contrary, the lowest price in the region of 54,000 VND/kg was recorded in Quang Binh and Binh Dinh.

The remaining localities in the region recorded live pig prices at 55,000 - 56,000 VND/kg.

Pig price in Central Highlands today, March 4, 2024, did not record any new fluctuations

Pig price in the South today March 4, 2024

In the Southern region, the price of live pigs today is quiet and fluctuates between 54,000 - 57,000 VND/kg.

Accordingly, the highest price in the region of 57,000 VND/kg was recorded in Dong Nai, Ho Chi Minh City, Tay Ninh, Vung Tau, Dong Thap, Vinh Long, Can Tho, Hau Giang, Bac Lieu, Soc Trang.

On the contrary, the lowest price in the region of 54,000 VND/kg was recorded in Kien Giang.

In the remaining localities, the price of live pigs today stands at 55,000 - 56,000 VND/kg.

Pig price in the South today, March 4, 2024, remains stable across the board

The highest and lowest live pig prices in the region on March 4, 2024

According to the latest forecast of the US Department of Agriculture (USDA), the estimated world corn production is not much changed compared to the January 2024 forecast, while the forecast of Brazil's exports is reduced and imports from the European Union are reduced.

Specifically, world corn output in the 2023/2024 crop year is expected to reach 1,232.6 million tons, up 6.6% compared to the 2022/2023 crop year (up 1,155.9 million tons).

Corn production in the United States is estimated at 389.7 million tons, up 12.4 percent from the previous year (346.7 million tons), while production in China is expected to increase by 4.2 percent to 288.8 million tons. Europe is expected to increase by 14.7 percent to 60.1 million tons, and Ukraine will increase by 13 percent to 30.5 million tons.

Corn output in Brazil is expected to reach 129 million tons, down 5.8% from the previous crop year, while Argentina is estimated to produce 55 million tons, up 57.1%.

World corn exports are expected to rise 11% from 181 million tonnes in 2022/23 to 200.8 million tonnes in the new season. The United States is the world's second-largest exporter of the grain, exporting 53.3 million tonnes, up 26.4% from the previous season.

South American corn exports have seen significant changes, with Brazil down 7.1% to 52 million tonnes compared to the previous crop year, while Argentina's exports are expected to increase significantly, up 70.8% to 41 million tonnes in the new crop year.

China is expected to import 23 million tonnes of corn, up 22.9% from the previous crop year (18.7 million tonnes). The European Union is expected to reduce imports to 23 million tonnes, down 0.6% from 2022/23 (23.2 million tonnes).

World ending corn stocks are expected to rise 7.3% to 322.1 million tonnes. For the US stocks will increase by 59.7%, while Brazil's stocks will fall by 41.9%.

USDA also forecasts that world soybean production in 2023/24 is expected to increase by 5.3% from the previous season, from 378.1 to 398.2 million tons. Production estimates in South America show Brazil falling by 3.7% to 156 million tons, while Argentina is expected to increase by 100% to 50 million tons.

Paraguay's output is expected to increase by 2.5% from 2022/23 (10.1 million tons), reaching 10.3 million tons; US output is expected to reach 113.3 million tons, down 2.5% from 2022/23.

Brazil leads in corn exports with an estimated 100 million tons, up 4.7% from the previous season (95.5 million tons), while the US is expected to export 46.8 million tons, down 13.6% from the previous season (54.2 million tons).

Argentina is expected to export 4.6 million tonnes, up 9.9% from 2022/23 (4.2 million tonnes). China is expected to import 102 million tonnes, up 1.1% from the previous year.

Global oilseed ending stocks are expected to rise 12% to 116 million tonnes, driven by increases in stocks in Argentina, the United States and China.

Source: https://congthuong.vn/gia-heo-hoi-hom-nay-ngay-432024-thap-nhat-54000-dongkg-306617.html