The market has just entered the Tet season, the price of live pigs has started to increase after a decrease, helping farmers earn a profit of 600,000 VND to more than 1 million VND per pig. Meanwhile, imported pork in the Vietnamese market costs about 56,000 VND/kg.
At noon on December 12, Mr. Nguyen Van Cong - owner of a farm raising several thousand pigs in Son La, boasted to VietNamNet pig price continue to increase. Today, he sold 50 tons at 64,000 VND/kg.
More than a week ago, Mr. Cong also sold a batch of pigs for 61,000 VND/kg, making a profit of about 600,000 VND per pig after deducting expenses. Today, the average profit is about 1 million VND/pig.
“This year, except for the beginning of the year when pig prices were quite low, the rest were high, so farmers generally made a profit. My farm is quite large, and I estimate a profit of around 5 billion VND.” He revealed that at this time, the market is starting to enter the Tet season, so pigs are easy to sell and prices are on the rise.
Although it is difficult to see a sudden increase like in the middle of the year, Mr. Cong predicts that the price of this item will definitely increase and stay high due to increased market demand.
Similarly, some livestock businesses also forecast that the price of live pigs could increase to 68,000-70,000 VND/kg when the market reaches peak consumption near the Lunar New Year.
On December 12, the price of live pigs continued to increase, ranging from 61,000-65,000 VND/kg. The Northern region recorded the highest price of live pigs in the country, including many provinces and cities such as Hanoi, Vinh Phuc, Phu Tho, Thai Nguyen, Bac Giang,... with prices soaring to 65,000 VND/kg.
“The price of animal feed has been continuously adjusted down recently, so the cost of producing live pigs has also decreased. Therefore, farmers can earn millions of dong per pig when selling it near Tet,” Mr. Nguyen Van Cong added.
According to the Ministry of Agriculture and Rural Development, the total pig herd in the country in November 2024 increased by 3.5% compared to the same period last year. The high price of live pigs has encouraged large-scale farms and small-scale households to restore and expand their herds.
Since the beginning of November, the price of live pigs has increased in most localities across the country and remained high. By November 30, the price of live pigs nationwide fluctuated between 60,000-64,000 VND/kg.
According to Mr. Tong Xuan Chinh - Deputy Director of the Department of Animal Husbandry (Ministry of Agriculture and Rural Development), from now until the end of the year, including the Lunar New Year 2025, when the demand for pork increases by about 10-15%, we will still ensure a good supply from domestic pork production.
“Previously, we recommended that 16 large pig farming enterprises nationwide expand their production scale to ensure supply,” he emphasized. As for pig farming households, when starting or increasing their herds, they must ensure safe, disease-free and quality pig breeds, and ensure biosecurity to maintain the pig herd.
The Ministry of Agriculture and Rural Development forecasts that the supply of pigs will increase again in the coming time. However, due to the complicated epidemic situation, the price of live pigs may remain high and only decrease again in 2025.
Contrary to domestic meat prices, the price of this imported item to the Vietnamese market is very cheap.
According to preliminary statistics from the General Department of Customs, in the first 10 months of 2024, Vietnam imported 703,610 tons of meat and meat products, worth 1.42 billion USD, up 15.2% in volume and 16.7% in value over the same period last year.
Particularly, Vietnam's fresh chilled or frozen pork imports in the first 10 months of 2024 reached 84,490 tons, worth 191.6 million USD, down 17.8% in volume and 23.9% in value compared to the same period in 2023.
Notably, the average import price of pork was only 2,262 USD/ton (about 56,000 VND/kg), down 7.5% over the same period last year.
Pork supplies for Vietnam come from 40 markets around the world. Of which, imports from Brazil account for 39.3% of total imported pork, from Russia account for 29.9%, from Canada account for 7.5%, from Germany account for 6%, from the Netherlands account for 4%...
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