Pig price leaves peak in 2023

The price of live pigs today, October 2, in the North did not record any new changes, fluctuating between 54,000 - 56,000 VND/kg.

Pig price today October 2: Pig price leaves the peak of 2023. (Source: Investment)

Pig price today 10/2

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

Specifically, live pigs in Yen Bai and Lao Cai provinces are being purchased at a common price of 54,000 VND/kg.

Slightly higher at 55,000 VND/kg are Nam Dinh, Phu Tho, Ha Nam , Vinh Phuc and Ninh Binh. Traders in the remaining provinces and cities maintain purchasing live pigs at the highest price in the region at 56,000 VND/kg.

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

* Pig prices in the Central and Central Highlands regions remained stable across a wide area.

Of which, 54,000 VND/kg is the lowest price of live pigs in the region, continuing to be present in Thanh Hoa, Nghe An, Lam Dong, Dak Lak and Binh Thuan .

Except for Quang Ngai, which is anchored at the highest threshold of 56,000 VND/kg, the remaining provinces maintain stable transactions at a common level of 55,000 VND/kg.

Currently, the price of live pigs in the Central and Central Highlands regions is around 54,000 - 56,000 VND/kg.

* In the Southern region, pig prices also moved sideways following the general market trend.

Currently, the lowest live pig price recorded in Ben Tre province is 52,000 VND/kg.

Meanwhile, 56,000 VND/kg is the highest price of live pigs in the region, witnessed in Long An, Can Tho and Ca Mau. The remaining provinces and cities remain stable at around 53,000 - 55,000 VND/kg.

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

* Throughout September 2023, the price of live pigs continued to decrease across the board. Although the decrease was not sudden, the downward trend has pulled the price of live pigs in all regions away from 67,000 VND/kg - the highest price recorded in early July 2023.

With current prices, many small-scale farmers are worried because depending on breeding stock and animal feed purchased from level 2 and level 3 agents, losses are certain.

Representatives of some businesses in the industry said that in the context of weak purchasing power due to the shock related to consumer income, new products need to reduce costs by lowering the cost of goods sold. To do that, the features and uses of the products need to emphasize specialization. However, this is a period of great growth for domestic products with prices lower than imported goods.

The impact of the economic recession on pork is no exception. In the context of pig prices still being unpredictable, animal feed prices, although decreasing, are still high, and African swine fever is still complicated, causing many small-scale farmers to not dare to re-raise their herds.

Source