Pig prices increase sporadically, improved meat prices in the world will pull the market up

Today's live pig price, June 22, in the Southern region, the live pig price increased the highest by 2,000 VND/kg, fluctuating between 58,000 - 60,000 VND/kg.

Giá heo hơi hôm nay 21/10: (Nguồn: Meat Deli)

Pig price today, June 22: Pig price increases sporadically, improved meat prices in the world will pull the market up. (Source: Meat Deli)

Pig price today June 22

* The live pig market in the North increased from 1,000 VND/kg to 2,000 VND/kg.

Of which, traders in Yen Bai, Lao Cai, Hanoi and Tuyen Quang provinces are purchasing live pigs at prices ranging from 61,000 - 62,000 VND/kg, a slight increase of 1,000 VND/kg.

After a slight increase in price, Phu Tho and Hung Yen both raised the price of live pigs to 63,000 VND/kg. This is also the transaction price recorded in Bac Giang province after an increase of 2,000 VND/kg.

Today's live pig price in the North is around 60,000 - 63,000 VND/kg.

* According to records, pig prices increased sporadically in a few places.

Accordingly, 58,000 VND/kg is the price of live pigs currently available in the two provinces of Thua Thien Hue and Quang Nam.

After increasing by 1,000 VND/kg, Quang Tri and Binh Thuan both adjusted the transaction to 60,000 VND/kg.

Currently, the price of live pigs in the Central and Central Highlands regions is around 58,000 - 62,000 VND/kg.

* In the Southern region, the price of live pigs increased the highest by 2,000 VND/kg.

Specifically, Vinh Long and Soc Trang adjusted the purchase price to 59,000 VND/kg and 60,000 VND/kg, respectively.

Traders in the remaining provinces and cities continue to trade live pigs at unchanged prices.

The price of live pigs in the Southern region today fluctuates between 58,000 - 60,000 VND/kg.

* According to data from the General Statistics Office of Vietnam, the total number of pigs in our country as of the end of May increased by about 2.6% compared to the same period last year.

However, many large businesses said the actual figure is estimated to be much lower due to the epidemic and low prices forcing many farmers to "hang up their barns".

Mr. Pham Quang Anh, Director of the Vietnam Commodity Information Center, commented: “Compared to livestock enterprises, small-scale farmers will have more difficulty in restocking due to limited capital. Although the price of live pigs has improved in the second quarter, the demand for livestock will take a long time to recover.”

Besides the shortage of supply, expectations of improved meat prices in the world market also support our country's live pig prices.

In China, a spike in African swine fever cases earlier this year prompted the country to ramp up slaughter in the first quarter of 2023.

In a recent report, Rabobank predicted that China’s pork production will decline sharply in the second quarter, pushing pork prices back up. China’s pork consumption is also expected to increase slightly compared to the previous year as consumer demand recovers after the Covid-19 pandemic.

Source