The survey showed that the live hog market nationwide was quiet, trading at around 59,000 - 63,000 VND/kg this morning. The world live hog price also fell sharply, due to increased slaughter in Western Europe amid weak domestic and foreign demand.
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| Pig price today, November 28: The whole country is calm, international pork prices have dropped sharply. (Source: Vincom) |
Pig price today 11/28
*Pig price in the Northern region
On the morning of November 28, the price of live pigs in the Northern region did not record any new adjustments.
Accordingly, the price of live pigs in the provinces and cities in the region currently does not have a big difference, fluctuating from 61,000 - 63,000 VND/kg. Of which, Thai Binh and Phu Tho are trading at 63,000 VND/kg, the highest in the region.
*Pig price in the Central Highlands region
The Central Highlands region continues to be stable, remaining flat in the range of 59,000 - 62,000 VND/kg.
Specifically, Dak Lak is the only province in the country that buys live pigs at 59,000 VND/kg, the lowest in the country. On the other hand, Lam Dong recorded a price of 62,000 VND/kg, the highest in the region.
*Pig price in the Southern region
The southern pig market continues to be quiet today. Currently, traders in this area are purchasing pigs at prices ranging from 61,000 - 63,000 VND/kg.
Of which, the threshold of 63,000 VND/kg appeared in the provinces: Long An, An Giang, Kien Giang, Ca Mau, Soc Trang and Can Tho City.
*World pig prices fell sharply as Western Europe increased slaughter amid weak domestic and foreign demand.
As of November 1, the Philippines is the country with the highest price of live pigs in the world, nearly 75,455 VND/kg. Meanwhile, China has an average price nationwide of more than 61,300 VND/kg.
In China, hog prices continued to fall as demand remained sluggish while pork production also trended lower. However, some pig farming companies still posted profits in the third quarter thanks to efforts to reduce inventories and cost-saving strategies that helped stabilize hog prices.
However, despite improved industry profitability in 2024, China’s pork production is forecast to decline 2% in 2025 to 55.5 million tons, the USDA said. A decline in sow inventories in 2024 is expected to result in a decline in the number of pigs available for slaughter in 2025.
Following the world trend, domestic pig prices also decreased again in October as supply continued to grow.
Source: https://baoquocte.vn/gia-heo-hoi-hom-nay-2811-ca-nuoc-dong-loat-lang-song-the-gioi-cung-giam-manh-295365.html
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