Pig prices gradually decrease, China is the largest pork consumer market

Last week, the price of live pigs in the Northern region decreased by 1,000 - 3,000 VND/kg, fluctuating between 61,000 - 62,000 VND/kg.

Pig price today July 30: Pig price gradually decreases, China is the largest pork consumption market. (Source: Eva)

Pig price today 7/30

* The live pig market in the North decreased by 1,000 - 3,000 VND/kg.

Specifically, after a slight price drop, live pigs in Yen Bai, Lao Cai, Nam Dinh, Thai Nguyen, Thai Binh, Ha Nam, Ninh Binh and Tuyen Quang are being purchased at around 61,000 - 62,000 VND/kg.

Provinces and cities including Bac Giang, Phu Tho and Hanoi all decreased by VND2,000/kg to VND61,000 - 62,000/kg.

61,000 VND/kg is the price of live pigs recorded in Hung Yen and Vinh Phuc after the highest decrease of 3,000 VND/kg.

Today's live pig price in the North is around 61,000 - 62,000 VND/kg.

* Pig prices in the Central and Central Highlands regions decreased by 1,000 - 2,000 VND/kg.

Accordingly, Ninh Thuan, Lam Dong and Thanh Hoa provinces all slightly reduced prices by VND1,000/kg to VND59,000/kg, VND60,000/kg and VND61,000/kg, respectively.

Traders in Nghe An and Ha Tinh are buying live pigs at 60,000 VND/kg, down 2,000 VND/kg.

Currently, the price of live pigs in the Central and Central Highlands regions is around 59,000 - 61,000 VND/kg.

* In the Southern region, the price of live pigs decreased by the highest 5,000 VND/kg.

Currently, provinces and cities including Dong Nai, Ho Chi Minh City, Tay Ninh, Hau Giang, Bac Lieu and Ben Tre have adjusted down by 1,000 VND/kg, currently trading in the range of 59,000 - 60,000 VND/kg.

After a reduction of VND2,000/kg, traders in Long An, Dong Thap, Kien Giang and Tra Vinh are purchasing live pigs at prices ranging from VND57,000/kg to VND60,000/kg.

Soc Trang province reduced by 4,000 VND/kg to 58,000 VND/kg. Can Tho province reduced the highest by 5,000 VND/kg, currently at the lowest level of 57,000 VND/kg.

The price of live pigs in the Southern region today fluctuates between 57,000 - 60,000 VND/kg.

* In general, over the past week, the price of live pigs has decreased by 1,000 - 3,000 VND/kg across the board. Currently, the average price of live pigs in the regions is gradually decreasing to 60,000 VND/kg.

With the current price, many livestock households and small farms are worried. Because with this price, livestock farmers are only at the break-even point.

According to Mr. Le Thanh Hoa, Deputy Director of the Department of Quality, Processing and Market Development (Ministry of Agriculture and Rural Development), Vietnam currently mainly exports fresh, chilled or frozen pork. Of which, in the first 6 months of 2023, more than 19,000 tons of frozen suckling pig were exported. Of which, the largest market for frozen suckling pig in Vietnam is Hong Kong (China).

To export pork, the most important issue is disease control. This is also the content included in the negotiations of free trade agreements and SPS agreements between Vietnam and other countries.

World pork output is forecast to reach more than 114 million tons this year (up 0.3% compared to 2022). Of which, China is the largest pork consumption market, expected to reach 56 million tons (48.8% of the world), while our country has the advantage of being located right next to the world's largest market, but has not been able to exploit it.

Source