In general, the live hog market is on a downward trend, especially in the northern provinces and cities. This trend is forecast to continue into next week. According to a survey, the national live hog price is currently fluctuating between 63,000 - 67,000 VND/kg. The current pig price has not increased as expected.
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| Hanoi has the highest price in the country; pork prices at this time have not increased as expected. Illustrative photo. (Source: Truong Food) |
Pig price today October 13:
*Pig price in the Northern region:
Last week, the live hog market in the North continued to decline rapidly in many provinces and cities. Currently, the price of live hogs in this region is not much different from the other two regions, fluctuating from 66,000 - 67,000 VND/kg.
Of which, Hung Yen, Hai Duong, Thai Nguyen, Thai Binh , Ha Nam, Tuyen Quang and Hanoi are the localities with live pig prices reaching 67,000 VND/kg, the highest in the country.
*Pig price in the Central Highlands region
Pig prices also fluctuated down by 1,000 - 2,000 VND/kg in Thanh Hoa, Nghe An, Ha Tinh, Lam Dong, Binh Dinh and Dak Lak provinces last week.
According to the latest survey, live pigs in this market are being traded at around 64,000 - 66,000 VND/kg. Of which, live pigs in Thanh Hoa, Nghe An and Ha Tinh are being sold at 66,000 VND/kg, the highest in the region.
*Price of live pigs in the Southern live pig market:
Pig prices also fell following the general trend. Accordingly, last week, this region fluctuated down 1,000 - 2,000 VND/kg in Ba Ria - Vung Tau, Dong Thap, Tay Ninh, Can Tho, Ben Tre, Hau Giang, Binh Duong, Long An and Bac Lieu.
Currently, Southern traders are purchasing live pigs at around 63,000 - 65,000 VND/kg. Of which, Ben Tre and Bac Lieu are the two provinces buying and selling at 63,000 VND/kg, the lowest in the country.
* According to Mr. Nguyen Kim Doan, Vice President of Dong Nai Livestock Association, some experts and farmers expect pig prices to gradually increase by the end of the year because the supply of live pigs tends to decrease, while demand increases.
However, along with the reduced supply, consumption demand is also low, leading to pork prices not increasing as expected at this time.
"Due to the impact of epidemics, storms and floods, and the limited supply of piglets, the supply of live pigs in many places may have decreased by 10-15% compared to the stable period. Meanwhile, demand is said to be decreasing by about 10-20%," said Mr. Doan.
Similarly, a representative of Vissan Company said that despite continuous promotions, purchasing power for pork products has not increased recently, and at times has even decreased by 20-25% compared to years when demand was stable.
Many retailers believe that consumers are still tightening their spending, so demand remains low for a long time, and even this year's peak Tet season is less than usual.
Despite the downward trend, many farmers said that the price of live pigs is still at a good level, especially higher than the same period last year by about 11,000-13,000 VND/kg.
"If the farming is productive and not much affected by disease, farmers can make a profit of around 5,000 VND/kg of live pigs sold. This profit level is stable and enough to stimulate herd restoration," said Mr. Doan.
Source: https://baoquocte.vn/gia-heo-hoi-hom-nay-1310-ha-noi-cao-nhat-ca-nuoc-hien-chua-tang-nhu-mong-doi-289915.html
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