Pork prices continue to fall, supermarkets launch promotions to attract customers

Pig prices continue to fall

After many sessions of decline, the price of live pigs has not shown any signs of increasing again. The market for live pigs in the North has slightly decreased in some places compared to yesterday. In particular, 2 localities including Vinh Phuc and Hanoi both reduced the price, bringing the price of live pigs to 51,000 VND/kg.

In other provinces, the listed price of live pigs is as follows: Phu Tho, Tuyen Quang, Thai Nguyen, Hung Yen, Ha Nam, Thai Binh... (51,000 VND/kg). Yen Bai - Bac Giang listed live pigs at 52,000 VND/kg. Of which, Ninh Binh is purchasing pigs at 50,000 VND/kg - the lowest in the region at present.

Update on national pig prices. Source: Anova Feed

The price of live pigs in the Central and Central Highlands regions has not changed compared to yesterday. The highest price of live pigs in the region is at 51,000 VND/kg, belonging to Lam Dong. The remaining localities are still trading in the range of 49,000 - 50,000 VND/kg.

Meanwhile, the southern pig market remains stable compared to yesterday. In particular, Kien Giang is still trading at 48,000 VND/kg - the lowest pig price in the region at present. 53,000 VND/kg is the highest pig purchase price in the region and is currently in Ca Mau. Other localities are stable, maintaining prices in the range of 49,000 - 52,000 VND/kg.

Meat prices in markets and supermarkets are falling.

According to supermarkets in Hanoi, pork prices are also on a downward trend. Many supermarkets are launching promotions to attract customers. According to BigC Thang Long (Hanoi), many types of meat are discounted up to 10% from Monday to Friday. Prices of frozen meat are only at 35,000 - 65,000 VND/kg.

Of which, frozen pig trotters cost 35,000 VND/kg; frozen cut pig trotters cost 39,000 VND/kg; imported frozen pig trotters cost 65,000 VND/kg...

Many supermarkets are offering pork promotions to attract customers. Image recorded at BigC Thang Long supermarket at 6:00 p.m. on November 24, 2023. Photo: Phan Anh

BaF Meat vegetarian pork also has many promotions. BAF ground pork reduced from 114,500 VND/kg to 99,000 VND/kg; BAF tenderloin reduced from 146,000 VND/kg to 125,000 VND/kg; BAF pork shoulder reduced from 367,500 VND/kg to 249,000 VND/kg; BAF bone marrow reduced from 40,000 VND/kg to 35,000 VND/kg; Pork thigh reduced from 114,500 VND/kg to 99,000 VND/kg; BAF pork belly reduced from 165,000 VND/kg to 158,000 VND/kg...

At WinMart Me Tri Thuong, MEATDeli pork shoulder costs 126,900 VND/kg; MEATDeli pork loin costs 174,900 VND/kg; MEATDeli boneless ham costs 130,900 VND/kg; MEATDeli special pork belly costs 244,900 VND/kg...

China has announced that it will stockpile pork in central reserves to stabilize prices of the staple food amid falling pork prices. The National Development and Reform Commission (NDRC) made the announcement on November 24. This will be the third round of pork stockpiling this year. The move comes amid falling pork prices in China.

Under the pork market stabilization plan, China has adopted a three-tier early warning system to warn of excessive increases or decreases in pork prices. The NDRC said it will coordinate with relevant ministries to launch a stockpiling program for national reserves as planned.

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