Pig prices are "calm", the Chinese market is in the final stage of the boom and bust period.

The price of live pigs today, November 27, in the Central and Central Highlands regions did not record any new changes, ranging from 49,000 - 51,000 VND/kg.

Pig price today November 6 (Source: Industry and Trade Newspaper)

Pig price today 11/27

* The pig market in the North was quiet at the beginning of the week.

Specifically, 50,000 VND/kg is the lowest price of live pigs in the region currently in Ninh Binh province. Traders in the remaining provinces maintain stable purchasing of live pigs in the range of 51,000 - 52,000 VND/kg.

Today's live pig price in the North is around 50,000 - 52,000 VND/kg.

* Pig prices in the Central and Central Highlands regions have not recorded any new changes.

Of which, 49,000 VND/kg is the lowest price of live pigs in the region, currently available in Nghe An, Thua Thien Hue and Khanh Hoa .

Meanwhile, Lam Dong province has the highest live pig purchase price of 51,000 VND/kg.

Currently, the price of live pigs in the Central and Central Highlands regions is around 49,000 - 51,000 VND/kg.

* In the Southern region, pig prices remained stable across the board.

Currently, live pigs in Kien Giang and Ca Mau provinces are being purchased at the lowest and highest prices in the region, respectively, at VND48,000/kg and VND53,000/kg.

The remaining provinces and cities have stable purchasing prices in the range of 49,000 - 52,000 VND/kg.

The price of live pigs in the Southern region today fluctuates between 48,000 - 53,000 VND/kg.

* According to Bloomberg , hog prices have fallen this year because they are in the final stages of one of the market’s characteristic boom and bust periods. Hog price cycles typically last three or four years as farmers expand their herds to capture high prices, but then prices plummet as supply outstrips demand.

The current cycle started in early 2021 when prices fell sharply, so a new cycle will soon emerge, said Zhaopeng Xing, senior China strategist at ANZ Group Holdings Ltd.

Demand typically increases in the run-up to the Lunar New Year. But it is likely that consumption will not meet expectations and the oversupply will continue. This also happened during the Mid-Autumn Festival in early October.

Source: https://baoquocte.vn/gia-heo-hoi-hom-nay-2711-gia-heo-hoi-lang-song-thi-truo-ng-trung-quoc-o-giai-doan-cuoi-cua-thoi-ky-bung-no-va-tan-vo-251588.html