Lowest live pig price is 55,000 VND/kg, decoding the reason for the market decline

The price of live pigs today, August 30, in the Southern region recorded a decrease of 1,000 VND/kg, fluctuating around 56,000 - 58,000 VND/kg.

Pig price (Source: VTV News)

Pig price today August 30

* Pig price in the Northern region recorded a decrease of 1,000 VND/kg compared to yesterday.

Of which, live pigs in Hung Yen and Hanoi were purchased at 58,000 VND/kg, down one price.

59,000 VND/kg is the highest transaction price in the region, recorded in Bac Giang province. The remaining localities continue to purchase live pigs at prices ranging from 57,000 - 58,000 VND/kg.

Pig price today in the North is around 57,000 - 59,000 VND/kg.

* The live pig market in the Central and Central Highlands regions decreased slightly.

Specifically, Dak Lak province adjusted down 1,000 VND/kg to 55,000 VND/kg - the lowest in the region.

Traders in localities including Binh Dinh, Khanh Hoa and Ninh Thuan traded at 56,000 VND/kg.

The remaining localities continue to purchase live pigs at 57,000 VND/kg.

Currently, the purchase price of live pigs in the Central and Central Highlands regions is around 55,000 - 57,000 VND/kg.

* In the Southern region, the price of live pigs decreased by one price.

Accordingly, traders in An Giang province adjusted down 1,000 VND/kg to 57,000 VND/kg.

Live pigs in localities including Long An, Tra Vinh and Ben Tre were traded at 56,000 VND/kg. Other provinces and cities purchased live pigs at prices ranging from 57,000 - 58,000 VND/kg.

Pig price in the Southern region today is around 56,000 - 58,000 VND/kg.

* Some experts say that currently, not only pork prices, but chicken and duck prices are also decreasing at this time because consumption demand is decreasing during the vegetarian season of many people.

Besides, other foods such as seafood are also cheap, so consumers have many choices in the current difficult economic context and declining income.

Commenting on the reason for the drop in pork prices, the Southeast Livestock Association said that the business situation of enterprises has not improved, many places have reduced workers, so the purchasing power of industrial kitchens has decreased.

However, according to the Association, pork prices will rise in the fourth quarter of this year, when students return to school. In addition, the increased demand for products for the Tet holiday will help prices of this commodity rise.

Source