Live hog price today 7/6 in the North decreased by 1.000 VND/kg, ranging from 57.000 to 59.000 VND/kg.
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| Live hog price today 7/6: Live hog price is continuously going down, pork is losing its attraction. (Source: CP Food) |
Live pig price today 7/6
* Live hog price in the North decreased by 1.000 VND/kg.
Specifically, Vinh Phuc province adjusted down one price to 57.000 VND/kg – on par with Yen Bai, Lao Cai, Nam Dinh and Ha Nam.
58.000 - 59.000 VND/kg is the price range recorded in the remaining localities.
Live hog prices today in the North range from 57.000 to 59.000 VND/kg.
* Livestock market in the Central region and the Central Highlands did not record many new changes.
Currently, 58.000 VND/kg is the transaction level recorded in Lam Dong province, down 1.000 VND/kg. Live pigs in the two provinces of Quang Tri and Dak Lak were purchased for 56.000 VND/kg – the lowest in the region.
The remaining localities did not record new changes.
Currently, the purchase price of live pigs in the central region and the Central Highlands ranges from 56.000 to 58.000 VND/kg.
* Live hog prices in the South recorded a slight decrease.
Among them, City. Ho Chi Minh City adjusted the purchasing price down 1.000 VND/kg to 58.000 VND/kg.
At the same time of the survey, live pigs in localities including Binh Duong, Dong Thap and Tien Giang were traded at 57.000 VND/kg.
Traders in other localities maintain purchasing with prices in the range of 58.000 - 60.000 VND/kg.
The price of live pigs in the South today is in the range of 57.000 - 60.000 VND/kg.
* According to BloombergPork is losing traction in many parts of the world, but the trend is especially pronounced in Europe. European Union (EU) pork consumption is expected to fall to its lowest level in more than two decades this year, and within the next two years, pork production in the region will fall by about a tenth.
Meanwhile, pork producers in the US are also grappling with falling profits and demand, rising costs and more regulatory requirements.
Even in China, which accounts for more than half of the world's pork consumption, the meat is no longer favored by the middle class as they view beef as a healthier option, according to research by management consulting firm McKinsey.
However, the situation in Germany remains more dire than most. Pork producers here face a range of challenges from slowing economic growth, changing eating cultures and broader demographics, as well as a decline in production as a result of public health crises.
Germans are choosing to eat less meat. The number of people in this country who identify as vegetarian has increased since 2020.
According to the 2022 nutrition report from the German federal Ministry of Food and Agriculture, 44% of those surveyed said they follow a "flexible" diet that limits meat consumption.
