Will the price of live pigs continue to increase? The total herd is increasing but the rate of raising pigs is decreasing.

The price of live pigs in the North increased from VND 1,000/kg to VND 2,000/kg last week, fluctuating between VND 62,000 - 64,000/kg.

Pig price today, July 2: Will pig price continue to increase? The total herd is increasing but the rate of raising pigs is decreasing. (Source: Eva)

Pig price today 7/2

* The live pig market in the North increased from 1,000 VND/kg to 2,000 VND/kg last week.

Specifically, after a slight increase in price, live pigs in Lao Cai, Hung Yen, Thai Nguyen, Phu Tho, Thai Binh and Hanoi are being purchased at prices ranging from 62,000 - 64,000 VND/kg.

The provinces of Yen Bai, Nam Dinh, Ha Nam , Vinh Phuc and Ninh Binh all increased by VND2,000/kg, currently fluctuating from VND62,000/kg to VND64,000/kg.

Today's live pig price in the North is around 62,000 - 64,000 VND/kg.

* Pig prices in the Central and Central Highlands regions increased by the highest 3,000 VND/kg.

Accordingly, traders in Thanh Hoa, Nghe An , Quang Binh, Thua Thien Hue, Binh Dinh and Ninh Thuan are trading live pigs at around 60,000 - 63,000 VND/kg.

After increasing by VND2,000/kg, the price of live pigs in Quang Nam, Quang Ngai and Khanh Hoa is VND60,000/kg. With the same increase, Quang Tri province adjusted the transaction price to VND62,000/kg.

Ha Tinh province recorded the highest increase of 3,000 VND/kg, reaching 62,000 VND/kg.

Currently, the price of live pigs in the Central and Central Highlands regions is around 58,000 - 53,000 VND/kg.

* In the Southern region, the price of live pigs also increased by 1,000 - 3,000 VND/kg.

Currently, the provinces of Tien Giang, Binh Phuoc, Dong Nai and Long An all increased slightly by 1,000 VND/kg, currently trading in the range of 59,000 - 61,000 VND/kg.

Similarly, Bac Lieu and Can Tho increased by VND2,000/kg and VND3,000/kg respectively to VND60,000/kg and VND61,000/kg.

The price of live pigs in the Southern region today fluctuates between 58,000 - 61,000 VND/kg.

* According to statistics from the Department of Animal Husbandry, in June 2023, there were 22 outbreaks of African swine fever in 6 provinces nationwide. The total number of pigs destroyed was 409.

Since the beginning of the year, 172 outbreaks have occurred in 34 provinces nationwide; the total number of pigs destroyed is 6,277.

Currently, the country has 39 outbreaks in 16 districts of 11 provinces that have not passed 21 days. Although the disease is still present, in fact, compared to the same period in 2022, the number of outbreaks has decreased by 79.64%; the number of pigs that had to be destroyed at outbreaks has also decreased by 85.47%.

It is estimated that the total pig herd in the country as of the end of June was about 26 million, an increase of about 2.5% over the same period in 2022; the output of live pigs for slaughter in the first 6 months of the year is estimated at 2,325,600 tons, an increase of 6.5% over the same period in 2022.

The total herd is increasing, but in terms of proportion, household farming is decreasing.

According to the Department of Animal Husbandry, due to the long-term increase in input material prices (animal feed, other costs, etc.) and unstable output product prices, livestock farmers' profits have decreased sharply. Many small-scale livestock farmers cannot cover their losses and have had to stop raising livestock.

Meanwhile, the business sector and production chains tend to expand production when output prices increase. The leader of the Dong Nai Livestock Association estimates that the pig herd of household scale only accounts for 20-30% compared to the scale of enterprises.

Source