Supply decreases, pig price increases

The supply has decreased due to the impact of the epidemic and difficulties in herd restoration from many units, causing the price of live pigs at farms and pork prices at markets to continuously increase recently.

Pork imported to Hoc Mon wholesale market - Photo: N.TRI

While pork prices at traditional markets increased, pork prices remained stable and at markets remained stable.

Pork prices continue to increase

According to information from many Southern breeders, the selling price of live pigs on February 13 was at 68,000 - 72,000 VND/kg depending on the type and location, an increase of about 4,000 - 5,000 VND/kg compared to the end of 2024 and an increase of 8,000 VND compared to the low level in the middle of last year.

Speaking to Tuoi Tre Online recently, Mr. Nguyen Kim Doan, vice president of Dong Nai Livestock Association, said that the increase in pork prices at this time was predicted in advance.

"The main reason comes from the decrease in supply due to the impact of the epidemic and the difficulty in herd restoration work of many units."

The increase in live hog prices has also increased the price of pork sold in the market. Specifically, according to information from Hoc Mon food wholesale market (HCMC), on February 13, the wholesale price of pork at the market currently fluctuates from 87,000 - 93,000 VND/kg depending on the type; pork mixed with thighs, pork chops 90,000 VND/kg, ham 65,000 - 75,000 VND/kg, lean pork 120,000 VND/kg... The above prices have increased by 5,000 - 7,000 VND/kg depending on the type compared to the stable period at the end of 2024.

The increase in the price of live pigs has led to the retail price of pork being adjusted up by 10,000 - 20,000 VND/kg by traders at traditional markets in Ho Chi Minh City compared to more than 2 months ago. Specifically, ham is 110,000 - 115,000 VND/kg, lean pork belly is 130,000 - 150,000 VND/kg, spare ribs are 180,000 VND/kg...

"Consumption demand is low so we don't want to increase prices, but now the price of imported meat has increased so we have to increase our sales too, otherwise we will lose money," said Ms. Ngo Bich Hien, a trader at Ba Chieu market.

On the contrary, due to price stabilization regulations and low purchasing power, many supermarkets are struggling to maintain stable selling prices. Specifically, Mr. Phan Van Dung, Deputy General Director of Vissan Company, said that the price of live pigs from February 12, the purchasing unit has been 72,000 VND/kg, an increase of 5,000 VND/kg compared to the current base price for stabilized pork prices (applied from December 30, 2024). The reason is that the supply of live pigs has decreased due to the impact of the epidemic.

"Regulations on price stabilization and low purchasing power at the beginning of the year, so the only solution we can implement is to "suppress" prices, not increase prices," said Mr. Dung.

Similarly, representatives of many supermarket systems also confirmed that input prices of some items have increased recently, but the units are still trying to maintain stable selling prices, especially items that are included in the price stabilization program such as eggs, milk, rice, meat, etc.

According to the leaders of the Ho Chi Minh City Department of Industry and Trade, some businesses have proposed to increase the selling price of products participating in the market stabilization program, including pork. However, the stabilization program has previously committed to keeping prices stable for a period of one month before Tet and one month after Tet, so it is not possible to increase prices at this time.

Source: https://tuoitre.vn/nguon-cung-giam-gia-heo-hoi-tang-20250213175808154.htm