Pig prices fell sharply this week, small farms and households reduced herd restoration

Pig prices in the Central and Central Highlands regions decreased by the highest 3,000 VND/kg last week, purchased at a price of around 54,000-55,000 VND/kg.

Pig prices fell sharply this week, small farms and households reduced herd restoration. (Photo: Chi Nhan)

Pig price today October 1

* Pig prices in the North decreased by 1,000-2,000 VND/kg last week.

Specifically, after a reduction of VND1,000/kg, Thai Nguyen purchased live pigs at VND56,000/kg - equal to Bac Giang, Hung Yen and Thai Binh after a reduction of VND2,000/kg.

Except for the two localities of Hanoi and Tuyen Quang where prices remained unchanged, live pigs in the remaining localities were traded at around 54,000-55,000 VND/kg, down 2,000 VND/kg.

Pig price today in the North is around 54,000-56,000 VND/kg.

* The live pig market in the Central and Central Highlands regions decreased by the highest 3,000 VND/kg last week.

Accordingly, 54,000 is the transaction price recorded in Thanh Hoa, down 3,000 VND/kg.

After a decrease of VND2,000/kg, localities including Nghe An, Quang Binh, Quang Tri and Quang Nam purchased at a price of around VND54,000-55,000/kg.

Except for Binh Dinh, Khanh Hoa and Ninh Thuan, which did not record any price changes, the remaining localities all decreased by VND1,000/kg to between VND54,000-56,000/kg.

Currently, the purchase price of live pigs in the Central and Central Highlands regions is around 54,000-56,000 VND/kg.

* Pig price in the South decreased by the highest 4,000 VND/kg.

Of which, Kien Giang province reduced 4,000 VND/kg to 53,000 VND/kg.

After a decrease of 3,000 VND/kg, live pigs in Bac Lieu, Ben Tre and Soc Trang were purchased at a price of around 52,000-53,000 VND/kg.

Traders in Vinh Long, Hau Giang, Ca Mau and Tra Vinh localities purchased at a price of around 53,000-56,000 VND/kg, down 2,000 VND/kg.

The remaining localities also reduced by 1,000 VND/kg to between 54,000-56,000 VND/kg.

Pig price in the Southern region today is around 52,000-56,000 VND/kg.

* According to Mr. Nguyen Kim Doan, Vice President of the Dong Nai Province Livestock Association, the reason for the continuous decrease in live pig prices in recent times, in addition to purchasing power, is also the high supply of pigs. Small households and farms have reduced their herds due to losses, but large enterprises have increased their herds a lot.

In addition, the epidemic factor is quite common. When some places have an epidemic in livestock herds, nearby units take advantage of selling to avoid the epidemic. Recently, the number of pigs that have not reached the age of maturity, even sows, has been sold quite a lot, causing the supply in some places to increase.

Mr. Nguyen Kim Doan commented: "Normally, the last months of the year are the peak season for meat consumption, but currently purchasing power is weak and like in 2022, when the price of live pigs has not increased until Tet, the market this year is really difficult to predict.

At present, livestock farmers are not at a loss, but the selling price has fallen close to the cost of raising livestock. Although the price of animal feed has decreased four times since the beginning of the year, it is still very high compared to before.

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