Pig price on November 19, 2024: Clear opposite trend

DNVN - The price of live pigs today, November 19, 2024, fluctuated in opposite directions, with prices ranging from 60,000 to 64,000 VND/kg.

Northern pig price

In the Northern region, the price of live pigs on November 19, 2024 recorded a simultaneous decrease, when Hanoi and Phu Tho decreased by 1,000 VND to 63,000 VND/kg.

Currently, the price of live pigs in the Northern provinces fluctuates between 61,000 and 63,000 VND/kg. Localities such as Hanoi, Phu Tho, Tuyen Quang, Thai Nguyen, Hai Duong, Hung Yen, Thai Binh and Vinh Phuc all recorded the highest price in the region at 63,000 VND/kg.

Pig price in Central Highlands

In the Central and Central Highlands regions, the price of live pigs today also decreased slightly by VND 1,000 in Thanh Hoa, Nghe An, Quang Binh and Lam Dong provinces, with the general price reaching VND 61,000/kg.

Ha Tinh has seen a deeper drop of 2,000 VND/kg, and is currently being purchased at 60,000 VND/kg. Meanwhile, other provinces maintain stable prices, ranging from 60,000 to 61,000 VND/kg.

Southern pig price

In the South, the market recorded purchasing prices from 60,000 to 63,000 VND/kg. Some provinces such as Kien Giang and Long An saw prices increase to 62,000 VND/kg and 63,000 VND/kg, respectively.

In localities such as Can Tho, Long An and Ca Mau, the price of live pigs reached the highest level in the region, at 63,000 VND/kg.

In general, the price of live pigs today fluctuated in opposite directions, with the North decreasing by about 1,000 VND/kg, while the South fluctuated from 60,000 to 64,000 VND/kg. Experts predict that prices may continue to fluctuate slightly at the end of the year due to increased consumption demand and influences from the international market.

Farmers are advised to closely monitor the market to choose the optimal time to sell their pigs, ensuring both profits and maintaining the quality of their herds. Disease prevention work needs to be focused on to meet domestic and export demand.

Forecast of global pork production in 2025

According to the latest report, global pork production in 2025 is expected to decline by 0.8% to 115.1 million tons. This decline will mainly come from China and the European Union, although Vietnam, the United States and Brazil are expected to contribute to make up the shortfall.

In Vietnam, pork output in 2025 is forecast to increase by 3% to 3.8 million tons, thanks to the expansion of pig herds and good control of African swine fever (ASF).

Brazil is expected to produce 4.6 million tonnes, up 1.2% from a year earlier, thanks to low production costs and strong exports.

In contrast, China - the world's largest consumer market - is forecast to decrease by 2.2% to 55.5 million tons, due to a decrease in sows and a gradual shift in domestic demand to poultry meat.

The European Union is also expected to see a 1.6% drop to 20.9 million tonnes, as pork prices slump and ASF-related trade restrictions remain in place.

Hung Le (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/gia-heo-hoi-ngay-19-11-2024-xu-huong-trai-chieu-ro-ret/20241119084754891