Pig price on November 19, 2024: Clear opposite trend

DNVN - The price of live pigs today, November 19, 2024, fluctuated in opposite directions, with prices ranging from 60,000 to 64,000 VND/kg.

Northern pig price

In the Northern region, the price of live pigs on November 19, 2024 recorded a simultaneous decrease, when Hanoi and Phu Tho decreased by 1,000 VND to 63,000 VND/kg.

Currently, the price of live pigs in the Northern provinces fluctuates between 61,000 - 63,000 VND/kg. Localities such as Hanoi, Phu Tho, Tuyen Quang, Thai Nguyen, Hai Duong, Hung Yen, Thai Binh and Vinh Phuc all recorded the highest price in the region at 63,000 VND/kg.

Pig price in Central Highlands

In the Central and Central Highlands regions, the price of live pigs today also decreased slightly by VND 1,000 in Thanh Hoa, Nghe An, Quang Binh and Lam Dong provinces, with the general price reaching VND 61,000/kg.

Ha Tinh alone saw a deeper drop of 2,000 VND/kg, and is currently being purchased at 60,000 VND/kg. Meanwhile, other provinces maintained stable prices, ranging from 60,000 to 61,000 VND/kg.

Southern pig price

In the South, the market recorded purchasing prices from 60,000 to 63,000 VND/kg. Some provinces such as Kien Giang and Long An saw prices increase to 62,000 VND/kg and 63,000 VND/kg, respectively.

In localities such as Can Tho, Long An and Ca Mau, the price of live pigs reached the highest level in the region, at 63,000 VND/kg.

In general, the price of live pigs today fluctuated in opposite directions, with the North decreasing by about 1,000 VND/kg, while the South fluctuated from 60,000 to 64,000 VND/kg. Experts predict that prices may continue to fluctuate slightly by the end of the year due to increased demand and influences from the international market.

Farmers are advised to closely monitor the market to choose the optimal time to sell their pigs, ensuring both profits and maintaining the quality of the herd. Disease prevention needs to be focused on to meet domestic and export demand.

Global Pork Production Forecast 2025

Global pork production is expected to decline by 0.8% to 115.1 million tonnes in 2025, according to the latest report. The decline will mainly come from China and the European Union, although Vietnam, the United States and Brazil are expected to contribute to the shortfall.

In Vietnam, pork production in 2025 is forecast to increase by 3% to 3.8 million tons, thanks to the expansion of the pig herd and good control of African swine fever (ASF).

Brazil is expected to produce 4.6 million tonnes, up 1.2% from a year earlier, thanks to low production costs and strong exports.

In contrast, China - the world's largest consumer market - is forecast to decrease by 2.2% to 55.5 million tons, due to a decrease in the number of sows and a gradual shift in domestic demand to poultry meat.

The European Union is also expected to decline by 1.6% to 20.9 million tonnes, as pork prices fall and ASF-related trade restrictions remain in place.

Hung Le (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/gia-heo-hoi-ngay-19-11-2024-xu-huong-trai-chieu-ro-ret/20241119084754891