Pig prices are "quiet" across the board, consumption and supply are going in opposite directions.

Pig prices today, November 2, are quiet across the country, fluctuating between 50,000 - 54,000 VND/kg.

(Source: Financial Times)

Pig price today 11/2

* Pig prices in the North have not recorded any new fluctuations.

In particular, localities including Yen Bai, Lao Cai and Ninh Binh purchased at the price of 51,000 VND/kg.

The remaining localities traded stably at around 52,000 - 53,000 VND/kg.

Today's live pig price in the North is around 51,000 - 53,000 VND/kg.

* The pig market in the Central and Central Highlands regions is stable.

Thanh Hoa province continues to trade at the highest level in the region at 53,000 VND/kg.

51,000 - 52,000 VND/kg is the price range recorded in the remaining localities.

Currently, the purchase price of live pigs in the Central and Central Highlands regions is around 51,000 - 53,000 VND/kg.

* According to a survey, the price of live pigs in the South has stagnated.

54,000 VND/kg is the transaction price recorded in Ca Mau province.

The remaining provinces and cities maintain purchasing prices from 50,000 VND/kg to 54,000 VND/kg.

The price of live pigs in the Southern region today is between 50,000 - 54,000 VND/kg.

* With low pork prices and rising production costs due to the outbreak of African swine fever, many farmers are reporting losses of VND6,000 - 8,000 per kilogram of live pigs sold. The losses will be even greater if the rate of infected and dead pigs is high.

Normally, at the end of the year, the demand for meat consumption will increase sharply, pushing up pork prices. However, this year's market has been unusual, with pork prices not improving since September 2023, but even falling sharply.

Mr. Pham Kim Dang, Deputy Director of the Department of Animal Husbandry (Ministry of Agriculture and Rural Development) said that the low price of live pigs is mainly due to economic difficulties, workers' incomes have not recovered after the Covid-19 pandemic, and food consumption has decreased. Meanwhile, domestic supply is still quite abundant.

By the end of September, the output of live pigs for slaughter is estimated at 3.6 million tons, up 7% over the same period in 2022.

Regarding the reason why African swine fever has caused the price of live pigs to drop, according to Mr. Pham Kim Dang, the epidemic has broken out but not much. However, this information also affects the psychology of pig farmers, the price of pigs has decreased and people are selling the epidemic.

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