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| Pig price today October 10: Pig price slightly decreased, people are hesitant to import pigs to restore their herds. (Source: Investment) |
Pig price today 10/10
* The live pig market in the Northern region decreased slightly in some places.
Specifically, traders in Ninh Binh and Bac Giang are purchasing live pigs at 51,000 VND/kg and 52,000 VND/kg, respectively.
Live pigs in the remaining provinces are still traded at unchanged prices.
Today's live pig price in the North is around 51,000 - 53,000 VND/kg.
* Pig prices in the Central and Central Highlands regions decreased slightly.
Of which, Dak Lak, Nghe An and Ha Tinh all decreased by 1,000 VND/kg, currently recorded at around 50,000 - 51,000 VND/kg.
Similarly, after a slight decrease of VND 1,000/kg, the price of live pigs in Quang Tri, Thua Thien Hue, Quang Nam, Quang Ngai, Binh Dinh and Ninh Thuan all returned to VND 52,000/kg.
Currently, the price of live pigs in the Central and Central Highlands regions is around 50,000 - 53,000 VND/kg.
* In the Southern region, pig prices also decreased following the general market trend.
Accordingly, after a decrease of 1,000 VND/kg, live pigs in Binh Phuoc and Ca Mau are being purchased at 51,000 VND/kg and 53,000 VND/kg, respectively.
52,000 VND/kg is the price of live pigs recorded in Long An, Dong Thap, An Giang, Can Tho, Tien Giang and Tra Vinh - all down 1,000 VND/kg.
The price of live pigs in the Southern region today fluctuates between 50,000 - 54,000 VND/kg.
* Mr. Nguyen Kim Doan, Vice President of the Dong Nai Province Livestock Association, said that for more than 2 months now, the price of live pigs has dropped very low, remaining below 54,000 VND/kg, even selling for only 48,000 - 49,000 VND/kg.
“It is now the time to import pigs for the year-end and Lunar New Year. Due to low prices, people are hesitant to import pigs to restock their herds. In addition, the disease situation is seriously threatening, so people are not raising pigs,” said Mr. Nguyen Kim Doan.
Mr. Duong Tat Thang, Director of the Department of Livestock (Ministry of Agriculture and Rural Development) said that livestock prices are a matter of market regulation, from input prices, supply, and consumption capacity.
Mr. Thang emphasized that there were times when the price of pork reached 65,000 VND/kg, 70,000 VND/kg, but there were also times when it dropped to more than 40,000 VND/kg, which was completely normal. However, from the perspective of State management, the Department only controlled the total herd, enhanced quality, and monitored inputs and raw materials.
“With prices around 54,000 VND/kg or lower, farmers will not make a profit. If they fall below 50,000 VND/kg, farmers will definitely suffer losses. However, we have to accept that when the market goes up, we win, and when the market goes down, we also have to accept the risks,” the Director of the Department of Livestock Production shared.
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