Pig prices continue to fall, 75% of Vietnam's animal feed ingredients come from abroad

The price of live pigs today, September 27, in the Northern region decreased slightly, fluctuating between 55,000 - 57,000 VND/kg.

Giá heo hơi hôm nay 18/10: hộ chăn nuôi thiệt đơn thiệt kép

Pig price today, September 27: Pig price continues to fall, 75% of Vietnam's animal feed ingredients come from abroad. (Source: Win Mart)

Pig price today 9/27

* Pig prices in the Northern region decreased slightly.

Currently, localities including Bac Giang , Hung Yen and Thai Binh are trading at 57,000 VND/kg, down 1,000 VND/kg.

Live pigs in Vinh Phuc and Ninh Binh were both traded at 56,000 VND/kg, a slight decrease. After a price decrease, Yen Bai province traded at 55,000 VND/kg.

Today's live pig price in the North is around 55,000 - 57,000 VND/kg.

* The live pig market in the Central and Central Highlands regions is relatively stable.

Accordingly, 54,000 VND/kg is the transaction price recorded in Dak Lak , down one price.

The remaining localities buy live pigs at prices ranging from VND 55,000/kg to VND 57,000/kg.

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

* Pig prices in the South decreased sporadically by 1,000 VND/kg.

Of which, Ben Tre reduced the price to 54,000 VND/kg. At the same time, Vinh Long and Soc Trang provinces traded at 55,000 VND/kg after decreasing by 1,000 VND/kg.

After a price reduction, Kien Giang province purchased at 56,000 VND/kg. Other provinces and cities traded stably compared to yesterday.

The price of live pigs in the Southern region today is around 54,000 - 58,000 VND/kg.

* About 75% of Vietnam's animal feed ingredients come from foreign markets. Experiencing a "super price increase" cycle of goods after the Covid-19 pandemic, crop failures in major producing countries and the Russia-Ukraine conflict causing disruptions in the supply chain, the livestock industry has further exposed its weaknesses due to its dependence on imported supplies.

Although the price of agricultural products has cooled down compared to the same period last year, it is still high compared to the average price in the past decade. Production activities of livestock breeders and businesses still have to be maintained, creating urgent demands on supply and raw material costs.

However, proactively sourcing animal feed ingredients is still a long-term problem for not only farmers and businesses but also policy makers.

Source