Pig price remains stable, highest at 63,000 VND/kg, farmers remain cautious

The price of live pigs today, June 24, is stable across the country, fluctuating between 58,000 - 63,000 VND/kg. Traders in Bac Giang, Hung Yen, Phu Tho and Thai Binh are buying live pigs at the highest price of 63,000 VND/kg.

Pig price today, June 24: Pig price remains stable, highest at 63,000 VND/kg, farmers are still cautious. (Source: MEAT Deli)

Pig price today 6/24

* The pig market in the North is moving sideways across the board.

Currently, 60,000 VND/kg is the lowest price in the region recorded in Nam Dinh, Ha Nam and Ninh Binh provinces.

Meanwhile, traders in Bac Giang, Hung Yen, Phu Tho and Thai Binh are buying live pigs at the highest price of 63,000 VND/kg.

Today's live pig price in the North is around 60,000 - 63,000 VND/kg.

* Pig prices in the Central and Central Highlands regions have no new fluctuations compared to yesterday.

In particular, the lowest price of live pigs in the region is 58,000 VND/kg, continuing to be recorded in Thua Thien Hue, Quang Nam, Quang Ngai, Khanh Hoa and Dak Lak.

Slightly higher at 59,000 VND/kg are Ha Tinh, Quang Binh, Binh Dinh and Ninh Thuan. Live pigs in the remaining provinces are purchased stably at around 60,000 - 62,000 VND/kg.

Currently, the price of live pigs in the Central and Central Highlands regions is around 58,000 - 62,000 VND/kg.

* In the Southern region, the price of live pigs also remained unchanged following the general market trend.

Accordingly, live pigs in Can Tho, Dong Thap, Bac Lieu and Tien Giang are still traded at a common price of 58,000 VND/kg.

59,000 VND/kg is the price of live pigs in Binh Phuoc, An Giang, Vinh Long, Kien Giang, Hau Giang, Ca Mau, Tra Vinh and Ben Tre.

The price of live pigs in the Southern region today fluctuates between 58,000 - 60,000 VND/kg.

* Pig prices have been on an upward trend since early May 2023 and are expected to continue to increase in the coming time due to reduced supply.

However, according to Mr. Nguyen Kim Doan, Vice President of the Vietnam Livestock Association, farmers are still cautious about restocking. The reason is that the market is still unstable and purchasing power is still weak. Not to mention, the African swine fever situation is still complicated in some localities.

The Import-Export Department (Ministry of Industry and Trade) forecasts that the price of live pigs will continue to increase. In addition, the downward trend in the price of raw materials for animal feed production in the world is expected to reduce domestic livestock costs, helping farmers, farm owners, and livestock businesses in general, and pig farming in particular, gradually recover production.

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