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| Pig price today March 3: Pig price stable, US pork in trouble due to US-China trade. (Source: dienmayxanh) |
Domestic pig price
*Today's live pig price in the North is around 56,000 - 57,000 VND/kg
The live pig market in the North recorded a decrease of 1,000 VND/kg in some places.
Accordingly, the provinces of Yen Bai, Phu Tho, Ha Nam , Vinh Phuc and Tuyen Quang all slightly reduced by 1,000 VND/kg, down to a common level of 56,000 VND/kg.
The remaining provinces and cities in the region recorded stable pork prices last week.
Today's live pig price in the North is around 56,000 - 57,000 VND/kg.
Today's live pig price in the Central and Central Highlands regions is highest at 57,000 VND/kg
The pig market in the Central and Central Highlands regions recorded an increase last week.
Specifically, localities including Thanh Hoa, Nghe An and Ha Tinh also slightly reduced by 1,000 VND/kg, to 55,000 VND/kg.
With the same decrease, Binh Thuan province adjusted the transaction price slightly down to 57,000 VND/kg.
After a decrease of 2,000 VND/kg, live pigs in Binh Dinh and Lam Dong are being purchased at 54,000 VND/kg and 56,000 VND/kg, respectively.
Currently, the purchase price of live pigs in the Central and Central Highlands regions is around 54,000 - 57,000 VND/kg.
The lowest price of live pigs in the South today is 54,000 VND/kg
In the South, the price of live pigs fluctuated by 1,000 - 2,000 VND/kg compared to last weekend.
In particular, Dong Nai, Binh Duong and Vung Tau provinces adjusted down 1,000 VND/kg, currently the price of live pigs is recorded at around 55,000 - 57,000 VND/kg depending on the region.
On the contrary, live pigs in Long An and An Giang both increased slightly by VND 1,000/kg, to VND 56,000/kg.
With the same increase, Tra Vinh and Vinh Long implemented live pig prices at 55,000 VND/kg and 57,000 VND/kg, respectively.
After increasing by VND2,000/kg, the price of live pigs in Dong Thap, Can Tho, Hau Giang and Soc Trang provinces all reached VND57,000/kg - the highest in the region.
Similarly, Ca Mau province also adjusted the price of live pigs up by VND 2,000/kg, to VND 56,000/kg.
The price of live pigs in the Southern region today fluctuates between 54,000 - 57,000 VND/kg.
* According to the Wall Street Journal (WSJ), the US pork industry is experiencing overproduction, leaving people unable to eat it all. Worse, today's American consumers prefer beef and chicken over pork, causing farmers to lose $30 per pig.
In fact, history shows that the US pork industry has a painful past, falling behind beef in the 1970s and then being surpassed by chicken in the 1980s.
Currently, American farmers are trying to find ways to encourage the domestic market to consume more pork, but it seems quite hopeless, while the world's largest pork buyer, China, is in a trade conflict.
Accordingly, China consumes up to 40% of global pork and the US exported 30% of its pork production there every year until the trade conflict took place.
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