Slight decrease in some places; cause of increase in world pork price

Pig prices today, July 10, decreased slightly in some places, fluctuating between 62,000 - 69,000 VND/kg.

Pig prices today, July 10, decreased slightly in some places, fluctuating between 62,000 - 69,000 VND/kg. (Source: Truong food)

Pig price today 7/10

*Pig price in the Northern region

According to records, the price of live pigs in the North decreased slightly by 1,000 VND/kg, fluctuating between 67,000 - 69,000 VND/kg.

In Vinh Phuc and Hung Yen provinces, the prices are 67,000 VND/kg and 68,000 VND/kg, respectively.

The remaining localities have no new price fluctuations compared to yesterday.

*Pig price in Central Highlands

The market for live pigs in the Central Highlands and Central Vietnam decreased slightly, with purchases ranging from 62,000 - 68,000 VND/kg.

Specifically, after reducing 1,000 VND/kg, Lam Dong province brought the transaction price to 66,000 VND/kg.

Live pigs in the remaining provinces in the region are still traded at unchanged prices.

* Pig price in the South

In the Southern region, the purchase price of live pigs is relatively stable, fluctuating between 63,000 - 67,000 VND/kg.

Currently, the trading price of live pigs in most localities is around the average mark of 65,000 VND/kg.

In particular, Vung Tau City slightly decreased by 1,000 VND/kg to 66,000 VND/kg.

* According to the latest report of the Food and Agriculture Organization of the United Nations (FAO), the World Food Price Index (FFPI) in June 2024 stood at 120.6 points, unchanged from the figure in May 2024. Not only that, the FFPI also decreased by 2.1% compared to the same period in June 2023 and decreased by 24.8% compared to the peak of 160.3 points reached in March 2022.

Specifically, the decline in poultry prices was largely offset by small or moderate increases in lamb, pork and beef prices, driven by ample supplies from some of the leading producing countries.

In contrast, lamb prices increased sharply due to continued strong import demand. Meanwhile, global pork prices increased slightly due to stable import growth and increased domestic consumption, especially in North America.

World beef prices remain generally stable due to a good balance of global supply and demand.

Source: https://baoquocte.vn/gia-heo-hoi-hom-nay-107-giam-nhe-o-vai-noi-nguyen-nhan-gia-thit-lon-the-gioi-tang-278126.html