Live hog price today 2/6 in the North decreased by 1.000 VND/kg, ranging from 57.000-59.000 VND/kg.
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| Live hog price today October 2: (Source: Meat Deli) |
Live pig price today 2/6
* Live pig market in the North decreased by 1.000 VND/kg.
Specifically, Yen Bai province adjusted the transaction to 57.000 VND/kg, along with Lao Cai, Nam Dinh and Ha Nam - the lowest in the region.
Live pigs in the remaining provinces are being purchased stably in the range of 58.000-59.000 VND/kg.
Live hog price today in the North is in the range of 57.000-59.000 VND/kg.
* Live hog prices in the Central region and Central Highlands were adjusted down in some places.
Accordingly, after slightly lowering the price, traders in Quang Nam and Khanh Hoa are purchasing live pigs at 57.000 VND/kg.
With the same decrease, live hog prices in Binh Thuan and Lam Dong are 58.000 VND/kg and 59.000 VND/kg, respectively.
Currently, the price of live pigs in the Central region and the Central Highlands is in the range of 54.000-59.000 VND/kg.
* In the southern region, live hog price recorded a slight decrease compared to yesterday.
Currently, 58.000 VND/kg is the trading price of live hogs in Dong Nai, Binh Duong and Tra Vinh after reducing by 1.000 VND/kg.
Ben Tre and Vung Tau both lowered the price slightly, currently purchasing at 57.000 VND/kg and 59.000 VND/kg, respectively.
The price of live pigs in the South today fluctuates in the range of 56.000-60.000 VND/kg.
* VNDirect Securities Company said that, last week, the price of live hog continued to go up due to the decrease in the volume of pig sales from farmers compared to the first months of the year, and at the same time the market was concerned about the lack of resources. supply when the number of smallholder farmers in March decreased by 3% compared to the same period in 50.
By monitoring the AGM of listed meat producers, VNDirect found that the leaders of these companies all gave positive messages about the prospect of live hog prices. The most difficult things for the meat market happened from the fourth quarter of 2022 to the first quarter of 2023 and the industry outlook will be more positive from the third quarter of 2023.
VNDirect forecasts that the price of live pigs in the second quarter will increase by 10% compared to the first quarter and continue to improve markedly in the third and fourth quarters, to 62.000-65.000/kg thanks to the recovery in consumption demand and supply from other markets. Smallholder farmers are limited.
VNDirect's analysis department emphasized: "In 2023, we expect the average live hog price to increase 5% compared to 2022, to 59.000/kg."
