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| Pig price today, June 17: The North maintains its momentum, Thanh Hoa raises the price, the market needs a long time to recover. (Source: Pinterest) |
Pig price today June 17
* Pig prices in the Northern region increased sporadically by 1,000 VND/kg in some areas.
In particular, Yen Bai and Lao Cai provinces both raised the price to 60,000 VND/kg. Live pigs in Phu Tho province were traded at 62,000 VND/kg, up one price.
The remaining localities have not recorded any new fluctuations. Of which, Nam Dinh, Ha Nam and Ninh Binh are maintaining at 59,000 VND/kg - the lowest purchasing threshold in the region at present.
Today's live pig price in the North is between 59,000 - 63,000 VND/kg.
* The live pig market in the Central and Central Highlands regions increased slightly by 1,000 VND/kg.
Accordingly, traders in Thanh Hoa province raised the price to 60,000 VND/kg - equal to Lam Dong province. At the same time of the survey, Nghe An maintained the highest purchase price in the region at 61,000 VND/kg.
The remaining localities are purchasing at prices ranging from 57,000 - 59,000 VND/kg.
Currently, the purchase price of live pigs in the Central and Central Highlands regions is around 57,000 - 61,000 VND/kg.
* Pig prices in the South have not recorded any new fluctuations.
Specifically, Vinh Long province maintains purchasing live pigs at the lowest price in the region at 57,000 VND/kg.
58,000 - 60,000 VND/kg is the price range recorded in the remaining localities.
The price of live pigs in the Southern region today is around 57,000 - 60,000 VND/kg.
* After a market sell-off due to the impact of African swine fever, prices have started to rise since mid-March as concerns about oversupply subsided.
After two years of heavy losses, many farmers have given up on herd restoration while livestock businesses have no plans to expand their herds. This has resulted in a market supply that is no longer as abundant as it was at the beginning of this year.
According to data from the General Statistics Office (Ministry of Planning and Investment), 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 enterprises said that the actual estimated number is much lower due to disease and low prices, forcing many farmers to "hang up their pigsty".
“Compared to livestock enterprises, small-scale farmers will have more difficulty in restocking their herds due to limited capital,” said Pham Quang Anh, director of the Vietnam Commodity Information Center. “Although pig prices have improved in the second quarter, 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.
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