Pig prices in the North continue to increase, while in the South they turn to decrease

The price of live pigs today, July 1, in the Northern region continued to increase by 1,000 - 2,000 VND/kg, fluctuating between 62,000 - 64,000 VND/kg.

Pig price today, July 1: Pig price in the North continues to increase, while in the South it turns to decrease. (Source: Eva)

Pig price today 1/7

* Pig prices in the Northern region continue to increase by 1,000 - 2,000 VND/kg.

In particular, localities including Phu Tho , Thai Binh and Vinh Phuc all traded at 64,000 VND/kg, an increase of 1,000 - 2,000 VND/kg.

Live pigs in Yen Bai and Hanoi were purchased by traders at 63,000 VND/kg, also an increase of one price. The remaining localities did not record any new fluctuations.

Today's live pig price in the North is around 62,000 - 64,000 VND/kg.

* Pig prices in the Central and Central Highlands regions increased slightly.

Of which, 60,000 VND/kg is the transaction price in Khanh Hoa , an increase of 1,000 VND/kg compared to yesterday.

At the same time of the survey, Dak Lak province continued to purchase live pigs at the lowest price in the region at 58,000 VND/kg. The remaining localities had stable transactions.

Currently, the purchase price of live pigs in the Central and Central Highlands regions is around 58,000 - 63,000 VND/kg.

* The live pig market in the Southern region decreased by 1,000 - 2,000 VND/kg.

Specifically, Dong Thap province adjusted down 1,000 VND/kg to 58,000 VND/kg. This is also the transaction price recorded in Soc Trang after a decrease of 2,000 VND/kg.

The remaining provinces and cities continue to purchase at prices ranging from 59,000 - 61,000 VND/kg.

The price of live pigs in the Southern region today is between 58,000 - 61,000 VND/kg.

* Recently, the price of live pigs in China has remained stable and has not shown a sharp downward trend like in Vietnam. The reason is that the world's second largest economy has a national strategic reserve policy, helping to regulate the price of live pigs.

Recently, China also announced that it will continue to stockpile pork to supplement its national reserves. However, in the medium term, China's pork demand is expected to recover, especially when there are positive signs of growth in pork imports from this country.

China imported 140,000 tonnes of pork in May, up 7.7% year-on-year. Pork import demand is expected to continue to increase in the second quarter of 2023 thanks to strong consumer demand.

Source