Pig price is "unstable", expecting export enterprises to attract foreign currency for the livestock industry

The price of live pigs today, November 9, in the Northern region decreased by the highest 2,000 VND/kg, fluctuating between 50,000 - 52,000 VND/kg.

Giá heo hơi hôm nay 9/11: Giá heo hơi 'bấp bênh', kỳ vọng doanh nghiệp xuất khẩu hút ngoại tệ về cho ngành

Pig price today, November 9: Pig price is 'unstable', expecting export enterprises to attract foreign currency for the industry. (Source: Nguoi Lao Dong)

Pig price today 11/9

* Pig price in the Northern region decreased by the highest 2,000 VND/kg.

Specifically, Lao Cai and Hung Yen provinces both reduced by 2,000 VND/kg, to 50,000 VND/kg and 51,000 VND/kg, respectively.

Except for the two provinces of Bac Giang and Phu Tho, the remaining localities reduced by 1,000 VND/kg to 50,000 - 52,000 VND/kg.

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

* The live pig market in the Central and Central Highlands regions decreased by 1,000 VND/kg.

Currently, Nghe An province is trading at 49,000 VND/kg, down 1,000 VND/kg.

After a decrease of 1,000 VND/kg, Khanh Hoa and Quang Ngai provinces purchased at 51,000 VND/kg and 52,000 VND/kg. The remaining localities did not record any new fluctuations.

Currently, the purchase price of live pigs in the Central and Central Highlands regions is around 49,000 - 53,000 VND/kg.

* Pig price in the South increased by 1,000 VND/kg.

Specifically, 53,000 VND/kg is the purchase price recorded in Soc Trang province, an increase of 1,000 VND/kg.

Other provinces and cities continue to purchase stably compared to yesterday.

The price of live pigs in the Southern region today is around 51,000 - 55,000 VND/kg.

* According to Mr. Tong Xuan Chinh, Deputy Director of the Department of Animal Husbandry (Ministry of Agriculture and Rural Development), the livestock market is currently quite gloomy because after Covid-19, people have had to reduce their jobs and become unemployed, causing their income to decrease and they have to tighten spending.

Besides, many collective kitchens restructured their production scale, reducing the need for imported food.

In addition, with a border length of more than 3,000 km, smuggled pigs into the domestic market have affected prices, along with risks related to food safety, disease safety and the environment.

Commenting on the pork market in the coming time, Mr. Tong Xuan Chinh said that with the current situation, economic growth is not the driving force, only hoping that consumption demand and purchasing power will improve during the Lunar New Year period.

In the long term, it is expected that many businesses will be qualified to export livestock products, attracting foreign currency to the industry.

CP Vietnam is currently promoting biosafety farming to target exports. The livestock industry also hopes that other large enterprises such as Masan, Hoa Phat, Xuan Thien... will do the same in the future.

Source