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| Pig price today, November 13: Slight decrease in two southern provinces. (Source: Gia chanh Cam Tuyet) |
Pig price today 11/13
*Pig price in the North:
A survey in the Northern market on the morning of November 13 showed that the price of live pigs in this area remained stable at around 62,000 - 64,000 VND/kg.
Accordingly, the highest transaction price in the country is 64,000 VND/kg recorded in Hanoi, Bac Giang, Hung Yen, Hai Duong, Thai Binh, Thai Nguyen, Phu Tho and Vinh Phuc. Meanwhile, Lao Cai and Ninh Binh are currently selling live pigs at 62,000 VND/kg, the lowest in the region.
In the Central Highlands region
In the Central Highlands region, the pig market is also quiet.
The highest price in the region is 63,000 VND/kg, continuing to be recorded in Thanh Hoa and Nghe An. Besides, apart from Ha Tinh, Lam Dong and Quang Binh still anchored at 62,000 VND/kg, other localities are trading at 60,000 - 61,000 VND/kg.
In the Southern region
The Southern region today fluctuated slightly, decreasing in Kien Giang and An Giang, respectively to 60,000 - 61,000 VND/kg.
Southern traders are currently purchasing live pigs at around 60,000 - 63,000 VND/kg, with Can Tho being the only locality with live pig prices reaching 63,000 VND/kg, the highest in the region.
* Pork supply needs to increase by 10-15% to meet market demand during Lunar New Year
The Import-Export Department (Ministry of Industry and Trade) assessed that Vietnam's pork supply in the last months of the year and the 2025 Lunar New Year will basically meet domestic consumption demand, so it is forecasted that imports of meat and meat products in general, and pork in particular, will not increase dramatically.
Currently, the output of pigs raised in small-scale farms has decreased to 35-40%, while the output of pigs raised in professional households and farms has reached 60-65%. According to recommendations from the Ministry of Agriculture and Rural Development, small-scale farmers in epidemic areas should not restock at all costs, because the disease is still latent and the risk of damage is high.
To ensure a balance between supply and demand, especially during the Lunar New Year of At Ty 2025, pork supply will have to increase by 10-15%. Therefore, this is the time for livestock units to focus on herd restoration. However, to restore herd sustainably and ensure supply, disease prevention is a prerequisite.
Vice President of the Dong Nai Province Livestock Association Nguyen Kim Doan said that the pig herd restoration to supply for the 2025 Lunar New Year has started since September, but in Dong Nai, only about 50% of households have restored their herds, the remaining households have chosen to restore their herds in mid-October, when the price of piglets tends to decrease slightly. The restoration of the herd is one month later than expected, which could lead to a risk of pork shortage during the upcoming Lunar New Year, pushing up meat prices.
Not only predicting a shortage during the upcoming Tet holiday, Dong Nai Livestock Association said that the locality has also reduced the amount of pigs supplied to Ho Chi Minh City by about 20%, down to less than 4,000 pigs/day.
According to the Chairman of the Vietnam Animal Husbandry Association, Nguyen Xuan Duong, the fluctuating price of live pigs is also one of the reasons why farmers are hesitant. Specifically, in October, the price of live pigs fluctuated from 66,000 - 67,000 VND/kg, but in the past half month, the price has decreased to 60,000 - 64,000 VND/kg.
Meanwhile, the price of animal feed shows no signs of decreasing, causing each pig sold to only break even or make a profit of only 100,000 - 200,000 VND/pig. Although farmers still make a profit at a price of over 60,000 VND/kg, with the complicated epidemic situation, many households are still worried about the risk of losing everything when investing in herd restoration.
Regarding solutions to ensure supply, Deputy Minister of Agriculture and Rural Development Phung Duc Tien said that the demand for pork consumption will be very high at the end of the year and near the Lunar New Year 2025. Therefore, from the beginning of the third quarter of 2024, the Ministry has directed the Department of Animal Husbandry, the Department of Animal Health and localities to be proactive from early on, from afar, as well as focus on promoting livestock farming in the direction of bio-safety and good disease control; building a pork industry in a chain, harmonizing the interests of the participating components.
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