In general, the price of live pigs is remaining stable at around 62,000 - 67,000 VND/kg after being adjusted up by 1,000 VND/kg in some localities across the country.
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| Pig price today, September 15: Continues to remain stable; Livestock stocks are "in the wave" after storm Yagi . (Source: An Phat) |
Pig price today 9/15
*Pig price in the Northern region
The Northern pig market last week recorded an increase in price in Tuyen Quang and Yen Bai .
Specifically, after adjusting the price up to 1,000 VND/kg, traders in the two localities above are purchasing at 66,000 VND/kg, equal to the transaction price in the provinces of Bac Giang , Hung Yen, Thai Nguyen, Phu Tho, Thai Binh and Vinh Phuc.
Hanoi is still at 67,000 VND/kg, the highest in the country. In the remaining provinces and cities, the price of live pigs remains stable at around 64,000 - 65,000 VND/kg.
*Pig price in the Central Highlands region
The purchase price of live pigs in the Central Highlands increased by VND1,000/kg in Thanh Hoa, Binh Dinh and Quang Tri. Currently, the price of live pigs in this region fluctuates between VND62,000 - 66,000/kg.
In particular, live pigs in Thanh Hoa are being sold at 66,000 VND/kg, a difference of at least 2,000 VND/kg compared to other provinces in the region.
*Pig price in the Southern region
The Southern region is the market that witnessed the most adjustments in live pig prices last week.
Accordingly, since the beginning of the week, the price of live pigs in this area has increased by VND 1,000/kg in 7 localities, including: Binh Duong, Ca Mau, Long An, Ho Chi Minh City, Ben Tre, An Giang and Vinh Long.
Currently, only three provinces, Binh Phuoc, Tien Giang and Tra Vinh, are trading at 62,000 VND/kg. This is also the lowest purchase price in the region.
The remaining provinces and cities in the region have a buying and selling price difference of about 63,000 - 65,000 VND/kg.
* Livestock stocks are "in the wave" after storm Yagi
Pig prices are expected to remain high, and analysts say pig farming stocks will have the opportunity to benefit in the short term.
In fact, livestock stocks are showing signs of "entering the wave" when the leading stock DBC of Dabaco as well as other livestock stocks such as MML, BAF, HAG... are attracting cash flow.
Analysts predict that Dabaco's business activities in particular and the livestock industry in general will accelerate in the second half of this year when pork prices are rising again and animal feed prices cool down.
In addition, the Ministry of Agriculture and Rural Development has just sent an urgent dispatch to the People's Committees of provinces and cities, requesting proactive measures to prevent and control epidemics in livestock.
The document clearly stated that there is a high risk of disease outbreaks after storm No. 3 (super typhoon Yagi) due to heavy rainfall causing severe flooding since September 7, causing many northern localities to face the risk of spreading diseases in livestock and poultry such as African swine fever, foot-and-mouth disease, etc. This could negatively affect the supply of pork in the coming time.
Many experts and livestock companies assess that the pork supply is not expected to recover immediately, because herd restoration takes time, and the amount of imported piglets in 2024 is quite small. Meanwhile, African swine fever continues in many localities, causing the number of sick, dead and culled pigs to increase.
In addition, pork imports did not increase sharply compared to the same period last year. Therefore, pork prices are expected to remain high until the end of 2024.
Accordingly, securities companies assess that stocks of listed livestock enterprises benefit greatly from this "pig price wave".
Source: https://baoquocte.vn/gia-heo-hoi-hom-nay-159-tiep-tuc-duy-tri-on-dinh-nhom-co-phieu-chan-nuoi-dang-vao-song-hau-bao-so-3-286370.html
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