Pig prices nationwide on February 24 continued to increase sharply, setting record highs and approaching the 80,000 VND/kg mark.
North
In the North, pig price The price remained stable, fluctuating between 71,000 - 73,000 VND/kg. Provinces such as Bac Giang , Hanoi, Hung Yen, Hai Duong and Thai Binh recorded the highest price in the region, reaching 73,000 VND/kg.
Central Highlands
The Central Highlands region witnessed a slight increase in live pig prices, with Lam Dong and Binh Thuan reaching VND77,000/kg, while Dak Lak and Ninh Thuan were at VND75,000/kg. Other localities in the region maintained purchasing prices from VND71,000 - VND75,000/kg.
Southern
Market Southern pigs continued to increase rapidly, with the highest price reaching 78,000 VND/kg in Dong Nai, Ba Ria - Vung Tau , Vinh Long and Ben Tre provinces. Other localities also adjusted the price up from 1,000 - 2,000 VND/kg, bringing the purchasing price in the region to 76,800 VND/kg.
Causes and predictions
According to livestock experts, the main reason for the sharp increase in pork prices is due to a local shortage of supply, while consumption demand has not fluctuated much after the Tet holiday.
It is forecasted that the price of live pigs may exceed 80,000 VND/kg in the near future, but it is unlikely to increase further because the price difference between domestic and imported pork is currently at 20,000 VND/kg, creating conditions for imported pork to flood the market.
In another development, African swine fever is becoming more complicated in Ha Tinh, with four localities including Cam Xuyen, Thach Ha, Ha Tinh city and Huong Khe district recording outbreaks. Since the Lunar New Year, more than 300 pigs have been destroyed due to infection. Functional agencies and local authorities are focusing on implementing measures to prevent and limit the spread of the disease on a large scale.
The high price of live pigs along with the complicated developments of African swine fever pose great challenges for the livestock industry and consumers in the coming time.
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