Pig prices stable at low level, large enterprises focus on increasing herds

The price of live pigs today, September 30, in the Northern region is relatively stable, ranging from 54,000 - 56,000 VND/kg.

Pig price today, September 30: Pig price is stable at a low level, large enterprises increase their herds a lot. (Source: Cooky)

Pig price today 9/30

* The live pig market in the North is relatively stable.

Of which, 54,000 VND/kg is the lowest live pig price recorded in Yen Bai and Lao Cai.

Traders in Bac Giang , Hung Yen, Thai Nguyen, Thai Binh, Hanoi and Tuyen Quang are trading at the highest price in the region of 56,000 VND/kg.

Vinh Phuc province alone adjusted down 1,000 VND/kg to 55,000 VND/kg, equal to the remaining provinces and cities.

Today's live pig price in the North is around 54,000 - 56,000 VND/kg.

* According to records, the price of live pigs in the Central and Central Highlands regions decreased by 1,000 VND/kg.

Specifically, Lam Dong and Binh Thuan both adjusted the price of live pigs down to 54,000 VND/kg.

Similarly, Quang Binh, Quang Tri and Quang Nam provinces adjusted the transaction price to 55,000 VND/kg.

Pig prices in the Central and Central Highlands regions range from 54,000 - 56,000 VND/kg.

* In the Southern region, pig prices also decreased slightly in many provinces and cities.

Accordingly, after reducing 1,000 VND/kg, traders in Binh Phuoc, Dong Nai, Ho Chi Minh City, Binh Duong, Tay Ninh, Vung Tau and Vinh Long are purchasing at a common price of 54,000 VND/kg.

With the same decrease, Dong Thap, An Giang and Tien Giang brought the price of live pigs to 55,000 VND/kg.

Similarly, live pigs in Ben Tre and Kien Giang are being traded at VND52,000/kg and VND53,000/kg, respectively.

The price of live pigs in the Southern region today fluctuates between 52,000 - 56,000 VND/kg.

* The downward trend in live pig prices is not only happening in Vietnam but also in many countries in the region and the world. Specifically, in the Chinese market, the price of live pigs from the beginning of the year until now is still much lower than in Vietnam. Recently, it has increased slightly but still only reached an average price of about 53,000 VND/kg.

According to Nikkei Asia , the price of live pigs in China has increased due to the government buying 20,000 tons of reserves. This is the second reserve purchase this year by this country, after buying in February.

According to Mr. Nguyen Kim Doan, Vice President of the Dong Nai Province Livestock Association, the reason for the continuous decrease in live pig prices in recent times, in addition to purchasing power, is also the high supply of pigs.

Small farms and households are decreasing due to losses, but large enterprises are increasing their herds a lot.

Source