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| Pig price today January 4: Pig price in Vietnam is higher than Thailand and Cambodia. (Source: Vietnambiz) |
Pig price today 4/1
* Pig prices in the Northern region increased sporadically.
Specifically, live pigs in Hung Yen, Hanoi and Tuyen Quang are being purchased at a common price of 52,000 VND/kg, an increase of 1,000 - 2,000 VND/kg depending on the region.
Traders in the remaining provinces and cities continue to trade live pigs at unchanged prices.
Today's live pig price in the North fluctuates between 50,000 - 51,000 VND/kg.
* The live pig market in the Central and Central Highlands regions recorded an increase of VND 1,000/kg in Thanh Hoa province, currently trading at VND 50,000/kg.
The remaining provinces have stable prices today.
Currently, the purchase price of live pigs in the Central and Central Highlands regions is around 48,000 - 50,000 VND/kg.
* In the South, pig prices did not record any new fluctuations.
Accordingly, traders in Vinh Long, Hau Giang, Tra Vinh, Ben Tre and Soc Trang are purchasing live pigs at the lowest price in the region of 49,000 VND/kg.
Except for Ca Mau, which is anchored at 52,000 VND/kg, the remaining provinces and cities maintain stable transactions at 50,000 VND/kg.
The price of live pigs in the Southern region today fluctuates between 49,000 - 52,000 VND/kg.
* Currently, the average price of live pigs nationwide is 49,800 VND/kg, equal to the price of Chinese pigs but still higher than the price of Thai and Cambodian pigs.
The main reason for the decline is that purchasing power in the market has not shown signs of recovery. People's demand for food has decreased slightly compared to before due to the impact on income. Food consumption in industrial zones has decreased sharply because many companies have reduced their staff size due to lack of orders.
Up to this point, the livestock situation of enterprises and farms is still quite stable. With the current pig herd rate, it basically meets the market's demand for pork and pork products from now until the Lunar New Year of Giap Thin.
There is just over a month left until Lunar New Year - the time when pork consumption is strongest in the year. In the past, after a period of high sales due to the epidemic, pork supply may return to a more balanced state with demand than before.
In addition, recently, authorities, especially in border areas, have also increased surveillance against the illegal transportation of livestock and poultry under the direction of the Government. This is also an important factor supporting the recovery of domestic pig prices.
Pig prices are forecast to recover slightly from now until Lunar New Year.
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