Vietnamese pig price equal to Chinese market

The price of live pigs in the Northern market fluctuated inconsistently by 1,000 VND/kg last week, ranging from 50,000-52,000 VND/kg.

Pig price today January 7: Vietnamese pig price is equal to Chinese market. (Source: Knorr)

Pig price today January 7

* According to records, the live pig market in the North fluctuates inconsistently by 1,000 VND/kg.

The three provinces of Hung Yen, Hanoi and Tuyen Quang all increased by 1,000 VND/kg to a common level of 52,000 VND/kg - the highest in the region.

Localities including Thai Nguyen, Phu Tho, Thai Binh and Vinh Phuc all reduced by VND1,000/kg to VND50,000/kg.

The remaining provinces and cities are purchased by traders at an average price of around 51,000 VND/kg.

Today's live pig price in the North fluctuates between 50,000 - 52,000 VND/kg.

* The live pig market in the Central and Central Highlands regions increased and decreased in opposite directions last week.

Currently, Quang Nam , Binh Dinh, Dak Lak and Binh Thuan have reduced prices by VND1,000 - 2,000/kg to VND48,000 - 49,000/kg, depending on the region.

Meanwhile, traders in Thanh Hoa and Quang Binh are buying live pigs at 50,000 VND/kg, a slight increase of 1,000 VND/kg.

Pig price today in the Central and Central Highlands ranges from 48,000-50,000 VND/kg.

* Pig prices in the South fluctuated by 1,000 VND/kg.

Specifically, the provinces of Binh Phuoc, Ho Chi Minh City, Binh Duong, and Tay Ninh all increased slightly by VND1,000/kg to VND50,000/kg.

Meanwhile, live pigs in the provinces of Vinh Long, Kien Giang, Hau Giang, Ca Mau, Tien Giang, Ben Tre and Soc Trang were purchased at around 49,000-51,000 VND/kg, a slight decrease of 1,000 VND/kg.

Today's live pig price in the South fluctuates between 49,000-51,000 VND/kg.

* Currently, the average price of live pigs nationwide is 49,800 VND/kg, equal to the price of Chinese pigs but still higher than the price of Thai and Cambodian pigs.

The main reason for the decline is that the purchasing power in the market has not shown any signs of recovery. People's demand for food has decreased slightly compared to before due to the impact on income. Food consumption in industrial zones has decreased sharply because many companies have reduced their staff size due to lack of orders.

Up to this point, the livestock situation of enterprises and farms is still quite stable. With the current pig herd rate, it is basically enough to meet the market's demand for pork and pork products from now until the Lunar New Year of Giap Thin.

There is just over a month left until Lunar New Year - the time when pork consumption is at its peak of the year. In the past, after a period of high sales due to the epidemic, pork supply may return to a more balanced state with demand than before.

In addition, recently, the authorities, especially in border areas, have also increased supervision against the illegal transportation of livestock and poultry under the direction of the Government. This is also an important factor supporting the recovery of domestic pig prices.

Pig prices are forecast to recover slightly from now until Lunar New Year.

Source