Pork consumption is low, so why is the selling price of farmed pigs, the main livestock in Ba Ria-Vung Tau, still high?

Raising large-scale livestock, Hoa Hiep Cooperative (Xuyen Moc district, Ba Ria - Vung Tau province) is maintaining a herd of more than 2,000 pigs and sows.

Since the beginning of the year, the cooperative has supplied more than 1,000 pigs to the market. Mr. Mai Xuan Du, Director of the cooperative, said: "With the current price of pigs at 69,000 VND/kg, each pig weighing 100 kg will bring in a profit of about 1.7 million VND."

The increase in live hog prices has also immediately impacted the pork market. According to traders, the price of whole hogs in the market ranges from 88,000 to 92,000 VND/kg, an increase of 12,000 VND/kg compared to a month ago, forcing the retail price to increase by 10,000 to 16,000 VND/kg, depending on the type.

In which, the price of young pork ribs has the highest increase and is currently priced at 190 thousand VND/kg.

Taking care of pigs at Hoa Hiep Cooperative farm (Xuyen Moc district, Ba Ria - Vung Tau province). Pig prices remain high.

Ms. Nguyen Thi Nga, a trader at Rach Dua market, Vung Tau city, said that the price of lean meat such as shoulder, thigh, and belly used to range from 85,000 to 130,000 VND/kg, but now it has increased to 95,000 to 150,000 VND/kg; pork belly without ribs and baby back ribs range from 160,000 to 190,000 VND/kg...

“Pork prices are high, while demand has dropped sharply, with purchasing power only about half of what it was before,” said Ms. Nga.

Normally, the price of live pigs for sale decreases in the summer, because when the weather is hot, consumers eat less meat than when the weather is cold.

Explaining the phenomenon of pork prices increasing contrary to the law of reduced consumption in the summer, pork businesses said that because throughout 2023, the price of live pigs was too low, farmers suffered losses and reduced the number of pigs raised.

This has led to a sharp decrease in pig output, and the supply is lacking compared to demand, pushing up the price of live pigs.

Source: https://danviet.vn/tieu-thu-thit-heo-thap-sao-heo-nuoi-vat-nuoi-chu-luc-o-ba-ria-vung-tau-gia-ban-dang-hoi-van-cao-20240714200913355.htm