Pig prices in the Central and Central Highlands regions are the lowest in the country.

Live pig prices increased by 1,000-2,000 VND/kg last week in the Northern region, fluctuating between 49,000-51,000 VND/kg.

Pig price today December 17: Pig price in the Central and Central Highlands regions is the lowest in the country. (Source: Eva)

Pig price today 12/17

* The live pig market in the North recorded an increase of 1,000-2,000 VND/kg last week.

Accordingly, the provinces of Bac Giang , Nam Dinh, Phu Tho, Vinh Phuc and Tuyen Quang all increased by 1,000 VND/kg to the same level of 50,000 VND/kg. This is also the price of live pigs recorded in Lao Cai after increasing by 2,000 VND/kg.

Ninh Binh province increased slightly by 1,000 VND/kg, currently at the lowest level of 49,000 VND/kg.

Traders in Yen Bai and Thai Binh are purchasing live pigs at the highest price of 51,000 VND/kg, up 1,000 VND/kg and 2,000 VND/kg respectively.

Today's live pig price in the North is around 49,000-51,000 VND/kg.

* Pig prices in the Central and Central Highlands regions increased sporadically compared to last weekend.

Specifically, the price of live pigs recorded in Thanh Hoa, Nghe An and Quang Tri after increasing by 1,000 VND/kg was 48,000 VND/kg.

With the same increase, live pigs in Lam Dong are being traded at the highest level of 49,000 VND/kg, along with Quang Ngai and Quang Binh.

Currently, the price of live pigs in the Central and Central Highlands regions is around 47,000-49,000 VND/kg.

* In the Southern region, pig prices fluctuated in the past week.

Currently, Binh Phuoc, Dong Nai, Ho Chi Minh City, Vinh Long, Hau Giang, Ben Tre and Soc Trang have all reduced by VND1,000/kg to VND47,000-48,000/kg, depending on the region.

Meanwhile, traders in Dong Thap, An Giang and Can Tho are buying live pigs at 50,000 VND/kg, a slight increase of 1,000 VND/kg.

The price of live pigs in the Southern region today fluctuates between 47,000-51,000 VND/kg.

* According to Mr. Nguyen Duc Dung - Deputy General Director of Vietnam Commodity Exchange (MXV), currently, most prices of important animal feed ingredients in the world such as corn, soybean meal, and wheat have decreased by 15-30% compared to the beginning of the year.

Notably, corn is a commodity that accounts for a large proportion of raw material imports for animal feed production in our country. At the end of November, the price of US corn fell 45% to 177 USD/ton from the peak of 318 USD/ton set in April 2022.

Along with the world's downward trend, import prices of many animal feed ingredients to Vietnam have also decreased.

The latest data from the General Department of Customs shows that the average imported corn price in the first 11 months of 2023 was around 301 USD/ton, down 13.8% year-on-year; the imported soybean price also decreased by 8.9%, reaching 633.5 USD/ton; the wheat price was nearly 11.4% lower, averaging 342 USD/ton.

Due to the decrease in raw material prices, many enterprises processing and trading animal feed have announced price reductions in early October. This is the fifth consecutive price reduction this year for this product, helping to reduce the burden on livestock farmers, especially pig farmers, when the selling price of live pigs continues to decrease.

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