Pig price on September 20, 2024: Will pig prices continue to stay high until the end of the year?

Pig price in the North

After the flood, the Northern market became scarce, causing prices to increase across the region, purchasing at around 67,000 - 70,000 VND/kg.

Of which, Vinh Phuc, Ninh Binh and Tuyen Quang recorded an increase of up to 3,000 VND/kg this morning, recorded in the range of 68,000 - 69,000 VND/kg.

With an increase of 3,000 VND/kg, the price of live pigs in Hanoi has reached 70,000 VND/kg, the highest in the country.

All remaining provinces and cities in the region increased by 1,000 - 2,000 VND/kg, depending on the region.

Pig price in Central Highlands

The Central Highlands market increased slightly, trading in the range of 63,000 - 67,000 VND/kg.

In Thanh Hoa and Nghe An, the price increased by 1,000 VND/kg, bringing the transaction to 67,000 VND/kg.

This increase was also recorded in Ha Tinh and Khanh Hoa, reaching VND65,000/kg and VND64,000/kg, respectively.

Quang Nam alone increased by 2,000 VND/kg, remaining at 65,000 VND/kg.

In the remaining localities, pig prices remained stable today.

Pig price in the South

In the Southern region, after an increase of 1,000 VND/kg, prices fluctuated between 63,000 - 65,000 VND/kg.

Live pigs in Ho Chi Minh City are being traded at 65,000 VND/kg, after increasing by 1,000 VND/kg.

With the same increase, Soc Trang and Hau Giang both reached 64,000 VND/kg.

Other provinces and cities keep the same price.

Pig prices have started to increase again since the end of 2023 and are currently hovering around VND65,000/kg due to a decrease in pig supply. In 2023, pig farmers, especially small-scale farmers, are quite hesitant to restock due to the continuous decrease in pig prices and high animal feed prices.

In addition, the reappearance of African swine fever has also affected the psychology of livestock farmers. In 2024, pork prices are forecast to remain high until the end of the year, animal feed prices tend to decrease, this is an opportunity for livestock businesses to improve profits.

According to the Department of Animal Husbandry, the number of livestock and poultry damaged by the recent storms and floods is very large and the damage is increasing every day. For flooded chicken flocks, it is necessary to remove wet and diseased chickens. Those that can be kept should have their bedding changed, the wind speed increased to dry the cage, and nutrition provided to increase resistance. Poultry has a short life cycle, so there is currently enough time to prepare supplies for the end of the year.

Source: https://doanhnghiepvn.vn/kinh-te/gia-heo-hoi-ngay-20-9-2024-gia-heo-se-tiep-tuc-neo-cao-cho-den-cuoi-nam/20240920073537027