Northern live pig price falls below 60,000 VND/kg

The price of live pigs today, August 26, in the Northern region decreased slightly, fluctuating between 58,000 - 59,000 VND/kg.

Pig price today August 26: Pig price in the North lost the mark of 60,000 VND/kg. (Source: Vietnambiz)

Pig price today 8/26

* Pig prices in the Northern region decreased slightly.

In which, Lao Cai province traded at the lowest level in the region with 58,000 VND/kg along with Yen Bai after a price reduction.

59,000 VND/kg is the purchase price recorded in Hung Yen and Hanoi after decreasing by 1,000 VND/kg. The remaining localities have stable transactions.

Today's live pig price in the North is around 58,000 - 59,000 VND/kg.

* The price of live pigs in the Central and Central Highlands regions has decreased.

Accordingly, localities including Nghe An, Ha Tinh and Quang Tri all traded at 57,000 VND/kg, down 1,000 VND/kg.

Live pigs in the remaining localities are purchased at prices ranging from 57,000 - 58,000 VND/kg.

Currently, the purchase price of live pigs in the Central and Central Highlands regions is around 57,000 - 58,000 VND/kg.

* Pig prices in the Southern region are stable.

Accordingly, 56,000 VND/kg is the lowest transaction price in the region, continuing to be recorded in Long An and Tra Vinh provinces.

57,000 - 58,000 VND/kg is the price range recorded in other localities.

The price of live pigs in the Southern region today is around 56,000 - 58,000 VND/kg.

* The Brazilian Meat Protein Association (ABPA) forecasts that in the remainder of 2023, Brazil's production and exports of poultry, pork, and eggs will increase.

Regarding pork, ABPA believes that total output will exceed 5 million tons, reaching 5.05 million tons, an increase of 1.5% compared to 2022.

Product supply for the domestic market will remain stable at the 2022 level, with a total of 3.85 million tons; per capita consumption will also be equivalent to 2022 at 18 kg.

Brazil’s pork exports are forecast to reach 1.25 million tonnes in 2023, up 12% from last year’s 1.12 million tonnes. The expansion of several markets, combined with sustained demand from key Brazilian markets, underpins the outlook for export growth.

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