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| Pig price today November 30. (Source: Vnxpress) |
Pig price today 11/30
* Pig price in the Northern region decreased by 1,000 VND/kg.
In particular, localities including Bac Giang , Hung Yen, Thai Nguyen and Hanoi all reduced by 1,000 VND/kg to 49,000 VND/kg.
The remaining localities traded stably compared to yesterday.
Today's live pig price in the North is around 49,000 - 50,000 VND/kg.
* The live pig market in the Central and Central Highlands regions decreased by 1,000 - 2,000 VND/kg.
Specifically, Binh Thuan and Lam Dong both reduced by 2,000 VND/kg to 48,000 VND/kg and 49,000 VND/kg.
After a decrease of 1,000 VND/kg, provinces including Quang Tri, Thua Thien Hue, Binh Dinh, Dak Lak and Ninh Thuan purchased at prices ranging from 48,000 - 49,000 VND/kg.
Currently, the purchase price of live pigs in the Central and Central Highlands regions is around 48,000 - 50,000 VND/kg.
* According to a survey, the price of live pigs in the South decreased by 1,000 - 2,000 VND/kg.
Binh Duong province reduced 1,000 VND/kg to 48,000 VND/kg - equal to Kien Giang, the lowest in the region.
Localities including Binh Phuoc, Ho Chi Minh City, Tay Ninh, Dong Thap, An Giang, Ca Mau, Tien Giang and Bac Lieu all reduced by VND1,000/kg to between VND49,000 - 52,000/kg.
After both decreasing by 2,000 VND/kg, Dong Nai and Vung Tau are both trading at 49,000 VND/kg.
The price of live pigs in the Southern region today is between 48,000 - 52,000 VND/kg.
* On November 24, China's National Development and Reform Commission (NDRC) announced that it would buy additional pork for its reserves to push up prices. The agency said it would buy pork reserves for the third time this year.
The move comes after the latest figures from China’s National Bureau of Statistics showed pork prices were on a downward trend, falling 0.7% in the first half of November alone.
Prices had spiked in July, following the NDRC’s announcement to buy more pork reserves. However, by early August, pork prices had fallen again.
On its personal page, the NDRC announced that they and relevant agencies will begin purchasing and stockpiling pork to bring prices to a reasonable level.
This year, pork prices in China have been under pressure due to abundant supply and weak demand. Millions of pig farmers in the country have yet to make a profit. Typically, meat consumption increases during the winter months, due to the many events and festivals at the end of the year. However, analysts are concerned that demand may be weaker than expected.
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