Pig price continues to decrease, highest at 53,000 VND/kg

The price of live pigs today, November 29, in the North recorded a decrease from 1,000 VND/kg to 2,000 VND/kg, fluctuating between 49,000 - 50,000 VND/kg.

Pig price today, November 29: Pig price continues to decrease, highest at 53,000 VND/kg. Image of pork sold in a supermarket in Beijing. (Source: Reuters)

Pig price today 11/29

* The live pig market in the North recorded a decrease from 1,000 VND/kg to 2,000 VND/kg.

Accordingly, the provinces of Yen Bai, Lao Cai, Nam Dinh , Phu Tho, Vinh Phuc, Ninh Binh and Tuyen Quang are trading live pigs at a common price of 49,000 VND/kg, down 1,000 - 2,000 VND/kg, depending on the region.

Except for Bac Giang , which still maintains the purchase of live pigs at an unchanged price, the remaining provinces and cities slightly reduced the price by VND 1,000/kg to VND 50,000/kg.

Today's live pig price in the North is around 49,000 - 50,000 VND/kg.

* Pig prices in the Central and Central Highlands regions decreased sporadically by 1,000 - 2,000 VND/kg.

Of which, the lowest price of live pigs in the region was 48,000 VND/kg recorded in Thanh Hoa and Ha Tinh provinces after decreasing by 1,000 VND/kg and 2,000 VND/kg respectively.

Traders in Quang Nam and Dak Lak are buying live pigs at 49,000 VND/kg, down 1,000 VND/kg.

Currently, the price of live pigs in the Central and Central Highlands regions is around 49,000 - 51,000 VND/kg.

* In the Southern region, pig prices decreased slightly compared to yesterday.

Specifically, after a decrease of 1,000 VND/kg, the two provinces of Tay Ninh and An Giang adjusted the price of live pigs to 50,000 VND/kg.

With the same decrease, live pigs in Tien Giang are being purchased at 51,000 VND/kg.

The price of live pigs in the Southern region today fluctuates between 48,000 - 53,000 VND/kg.

* Dr. Nguyen Xuan Duong, Chairman of the Vietnam Animal Husbandry Association, said that the number and design capacity of Vietnam's industrial animal feed factories are currently too large, far exceeding demand; the exploitation level is low, about 48%. Of which, domestic enterprises only account for 37.5%; enterprises with foreign direct investment (FDI) account for 62.5%.

The distribution of factories is unbalanced, mainly concentrated in the Red River Delta and Mekong River Delta - densely populated areas, there will be no more space for livestock development. Especially after 2025, when the Law on Livestock on relocating livestock facilities outside residential areas takes effect.

The structure of animal feed is changing, becoming more suitable to the structure of livestock herds.

Dr. Duong said: "In which, pig feed accounts for 55.8%, a significant decrease compared to the peak when pig feed accounted for 70%. This also proves that the use of industrial animal feed in livestock farming in Vietnam is increasing day by day".

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