Pig prices drop to very low levels, demand decreases

The price of live pigs today, October 13, in the Northern region decreased by 1,000-2,000 VND/kg, fluctuating between 50,000-52,000 VND/kg.

Pig price today October 13: Pig price drops to very low level, consumption demand decreases. (Source: EPA-EFE)

Pig price today 10/13

* Pig prices in the Northern region decreased by 1,000-2,000 VND/kg.

In particular, localities including Ha Nam, Vinh Phuc and Phu Tho all traded at 50,000 VND/kg, down 1,000-2,000 VND/kg.

After a decrease of 1,000 VND/kg, live pigs in Thai Binh, Hanoi and Tuyen Quang were purchased at 51,000 VND/kg.

Today's live pig price in the North is around 50,000-52,000 VND/kg.

* The live pig market in the Central and Central Highlands regions decreased by 1,000 VND/kg.

Specifically, Ha Tinh province adjusted down 1,000 VND/kg to 50,000 VND/kg.

After a reduction of VND1,000/kg, localities including Thua Thien Hue, Binh Dinh and Binh Thuan purchased at VND51,000/kg.

Currently, the purchase price of live pigs in the Central and Central Highlands regions is around 49,000-52,000 VND/kg.

* Pig price in the South ranges from 1,000 VND/kg to 2,000 VND/kg.

In detail, Kien Giang province reduced 1,000 VND/kg to 48,000 VND/kg.

50,000 VND/kg is the transaction price recorded in Soc Trang and Bac Lieu, down 1,000 VND/kg and 2,000 VND/kg.

Localities including Can Tho, Hau Giang and Tra Vinh all reduced by 1,000 VND/kg to 51,000 VND/kg.

The price of live pigs in the Southern region today is around 48,000-53,000 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, even selling for only 48,000-49,000 VND/kg.

Mr. Nguyen Kim Doan said: “Currently, it is 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.”

However, according to Mr. Duong Tat Thang, Director of the Department of Animal Husbandry (Ministry of Agriculture and Rural Development), there will be no shortage of food and pork at the end of the year and during Tet 2024, because when we join free trade agreements with countries around the world and the region, there will be an exchange of goods.

Besides, the demand for pork and other foods worldwide, including Vietnam, has decreased due to limited income.

“When the economy is limited, spending will be cut accordingly. In addition, the total herd of pigs is currently nearly 27 million, along with other foods such as chicken, beef, eggs, and seafood. Therefore, the total herd of pigs and other foods will certainly ensure supply for 100 million Vietnamese people from now until the end of the 15th day of the first lunar month,” Mr. Duong Tat Thang affirmed.

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