In provinces of Vietnam, the price of live pigs seems to be 'going downhill', breaking the 70,000 VND/kg mark.

The decline in live pig prices has not stopped yet. Live pig prices have plummeted in many localities today, especially in the northern provinces and cities. The average pig price nationwide is currently 71,700 VND/kg.

Pork prices nationwide drop sharply

Pork price today March 26, 2025, the market continues to decrease. The North reduced the price in Yen Bai - to 68,000 VND/kg. The average price in the region decreased to 68,700 VND/kg.

The Central region reduced 1 price in Binh Dinh, Dak Lak and Ninh Thuan. The region fluctuated between 68,000 - 75,000 VND/kg.

The Southern region is rapidly decreasing, many provinces have dropped 1-2 prices, purchasing around 75,400 VND/kg.

The price of live pigs has been falling rapidly in recent days. The price in the North has fallen the fastest, believed to be due to the massive supply of pigs pouring into the market. The provinces have continuously reduced prices by 1-3 times, bringing the transaction price down to around 68,000 VND/kg.

The Central region was also affected in the same direction, decreasing in all provinces, purchasing in the range of 68,000 - 75,000 VND/kg.

The Southern market in Dong Nai, Tay Ninh, Tien Giang,... also decreased the most; the next decrease rate was in Binh Duong, Hau Giang, Dong Thap. The average price in the lower region is about 76,000 VND/kg.

In the capital city of Dong Nai, the price of live pigs is getting further and further away from the 80,000 VND/kg mark. According to reports, there may be more imports of live pigs and frozen pork.

Vietnamese pork prices still differ greatly from those of neighboring countries.

Mr. Nguyen Kim Doan, Vice President of the Dong Nai Province Livestock Association, said that the price of live pigs has dropped sharply in recent days, to 4,000 - 5,000 VND/kg, although the supply of pigs is not too abundant. The reason is due to information that businesses are importing large quantities of frozen pork from Brazil, the US, Canada, Russia, etc.

At the same time, when the price of live pigs peaked, many traders may have increased the import of live pigs to Vietnam through the borders of provinces such as An Giang, Kien Giang, Tay Ninh...

Currently, the price of live pigs in neighboring countries, such as Cambodia, is 15,000-20,000 VND/kg lower than in Vietnam. Frozen pork imported to Vietnam, cut into pieces, costs only over 60,000 VND/kg.

Although domestic pork prices have been continuously decreasing, the gap with other countries in the region is still quite large. This gap may lead to more imported pork.

According to the Ministry of Agriculture and Environment, in February 2025, livestock product imports reached more than 373 million USD, bringing the total value of meat imports in the first 2 months of this year to more than 734 million USD, an increase of 50.3% over the same period in 2024.

The average import price of pork to Vietnam is at 2,672 USD/ton (about more than 65,000 VND/kg), an increase of more than 20% compared to the same period in 2024.

According to a report by the US Department of Agriculture (USDA), global pork production in 2025 is expected to decrease slightly due to many factors such as disease and high farming costs. Specifically, pork production in China - the world's largest pork producer - is expected to decrease by 1% compared to the previous year. This could affect the supply and price of pork in the international market.

In Vietnam, pork imports from countries such as the US, Canada and Brazil are being considered to supplement domestic supplies. However, experts warn that over-reliance on imports could put pressure on the domestic livestock industry and a long-term strategy is needed to ensure sustainability.

Up to now, CP Vietnam Company has maintained the selling price of live pigs nationwide at 73,000 - 74,000 VND/kg. The current price is about 22,000 VND/kg higher than the Chinese market and about 15,000 VND/kg higher than the average of previous years.

Dong Nai Livestock Association forecasts that the price of live pigs may decrease to the range of 65,000 - 70,000 VND/kg and remain until the end of 2025. This is still a good opportunity for farmers. However, to reassure farmers, we need to have effective disease control solutions from functional agencies and authorities at all levels, and at the same time, increase the supply of breeding pigs so that farmers can confidently restore their herds.

Rabobank predicts a decline in global pork production in 2025. Accordingly, Rabobank's Q1/2025 report on global pork said that the pork industry remains cautious about expanding herds even with lower feed costs and improved productivity compared to the previous year.

Changing US policies toward its trading partners have added uncertainty to global labor shortages, capital allocation, and trade.

Rabobank said President Donald Trump’s tariff policies are likely to cause some diversion in commodity trade, but the extent of the impact remains uncertain. In addition, disease outbreaks continue to impact markets, such as African swine fever (ASF) in Asia and Europe, along with porcine reproductive and respiratory syndrome virus (PRRSv) worldwide and the recent foot-and-mouth disease (FMD) outbreak in Germany.

The ban on German pork imports by several countries shows that the disease poses a major challenge to supply chains, Rabobank said. Food safety will remain a key issue for the meat industry, with investment opportunities in improving animal health. Addressing the disease will require investment in animal health, farm equipment, automation, digitalization and AI-driven production systems.

The potential for higher inflation in some regions in 2025 will put downward pressure on market demand. In North America, high pork prices are due to tight supplies and strong demand from processors.

Rabobank also expects pork prices in China and Vietnam to fall in 2025 due to increased production and lower demand. The current high pork prices in Vietnam are only localized, according to Rabobank.

Pig prices are expected to cool down further as supply improves. Authorities are also encouraging businesses to promote promotions and reduce prices to stimulate consumption. Too high pig prices will lead to reduced consumption, negatively affecting the industry's production.

Source: https://danviet.vn/tai-cac-tinh-cua-viet-nam-gia-lon-hoi-nhu-xuong-doc-khong-branh-thung-moc-70000-dong-kg-202503261119499.htm