Pig prices continue to fall, Russian pork "bustling" to Southeast Asia

The price of live pigs today, September 20, in the Central and Central Highlands regions decreased by 1,000 VND/kg, fluctuating between 55,000 - 57,000 VND/kg.

Giá heo hơi hôm nay 20/9: Giá heo hơi tiếp đà giảm, thịt heo của Nga 'nhộn nhịp' sang Đông Nam Á

Pig price today, September 20: Pig price continues to decrease, Russian pork is 'bustling' to Southeast Asia. (Source: Hadoo Food)

Pig price today 9/20

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

Accordingly, traders in Yen Bai province continue to purchase live pigs at the lowest price in the region of 56,000 VND/kg.

Live pigs in the remaining provinces and cities are still traded stably at around 57,000 - 58,000 VND/kg.

Today's live pig price in the North is around 56,000 - 58,000 VND/kg.

* According to records, the price of live pigs in the Central and Central Highlands regions decreased by 1,000 VND/kg compared to yesterday.

Specifically, Binh Thuan province adjusted the price of live pigs down to 55,000 VND/kg, equal to Binh Dinh, Lam Dong and Dak Lak - the lowest in the region.

Higher than a price of 56,000 VND/kg include Nghe An, Ha Tinh , Khanh Hoa and Ninh Thuan provinces. The remaining provinces are still anchored at 57,000 VND/kg.

Pig prices in the Central and Central Highlands regions range from 55,000 - 57,000 VND/kg.

* In the Southern region, pig prices decreased slightly in some places.

Accordingly, after slightly lowering the price, Binh Phuoc, Dong Nai and Tay Ninh provinces all adjusted the price of live pigs down to a common level of 55,000 VND/kg.

The remaining provinces and cities have prices unchanged compared to yesterday.

The price of live pigs in the Southern region today fluctuates between 55,000 - 58,000 VND/kg.

* According to the report of the Russian Federal Export Promotion Center Agroexport, in 2022, the costs of logistics and payment procedures for exporters increased due to the political and macroeconomic situation in the world. This affected the export of most products, including pork, to foreign markets.

However, thanks to the active work of exporting companies and government support, in the second half of 2022, Russian pork exports to Southeast Asian countries have partially or completely recovered, said Nikolai Birulin, a leading expert in market analysis and forecasting at the National Pig Breeding Union.

In the first 6 months of 2023, exports of Russian pork products to Vietnam increased by 95% compared to the same period last year.

Birulin also noted that demand for all pork products, not just meat, has increased. Offal supplies have increased by 92% and pork by 95%.

“If we talk about pork exports in general, last year the decline in non-CIS countries was partially offset by an increase in supplies to EAEU member states. In 2023, export growth in this direction will continue,” Birulin noted.

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