Live pig price in Central and Central Highlands decreased by 2,000 VND/kg, market is in good price range

The price of live pigs today, July 20, in the Central and Central Highlands regions decreased by the highest 2,000 VND/kg, ranging from 59,000 - 63,000 VND/kg.

(Photo: Chi Nhan)

Pig price today 7/20

* The pig market in the North has not recorded any new price fluctuations.

Of which, 65,000 VND/kg is the highest price of live pigs in the region, currently available in Bac Giang, Hung Yen and Hanoi .

Live pigs in the remaining localities continue to be purchased stably at around 63,000 - 64,000 VND/kg.

Today's live pig price in the North is around 63,000 - 65,000 VND/kg.

* Pig prices in the Central and Central Highlands regions decreased by the highest 2,000 VND/kg.

Accordingly, the two provinces of Binh Dinh and Quang Tri reduced by 1,000 VND/kg and 2,000 VND/kg respectively to the same level of 60,000 VND/kg.

Traders in the remaining localities continue to purchase live pigs at unchanged prices today.

Currently, the price of live pigs in the Central and Central Highlands regions ranges from 59,000 - 63,000 VND/kg.

* In the Southern region, the price of live pigs decreased by 1,000 VND/kg.

Specifically, Soc Trang province adjusted the transaction price down to 62,000 VND/kg, equal to Dong Thap province.

The remaining localities have prices unchanged compared to yesterday.

The price of live pigs in the Southern region today fluctuates between 59,000 - 62,000 VND/kg.

* According to Anova Feed, the pig price market nationwide is currently at a good price range, the recorded price is bringing good profits to farmers. If the price reaches the 7-month mark like the same period last year, this will be a big boost to the business results of enterprises.

The reason for the increase in pork prices is due to the high consumer demand during the summer, the tourist season, when restaurants and hotels reopen. In addition, the business sector and production chains are tending to expand production when output prices increase.

While the price of live pigs increased, the price of animal feed tended to decrease slightly.

According to the Vietnam Animal Husbandry Association, animal feed prices have decreased three times since the beginning of the year, the most recent time being 400 VND/kg (about 3%). Although not much higher than before, the price of animal feed ingredients in the world is cooling down, and the shipping cost to Vietnam has also decreased almost to the same level before the Covid-19 pandemic.

In the coming time, animal feed prices will continue to be adjusted in a downward direction - this is beneficial for farmers in the process of herd restoration from now until the end of the year.

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