Continuing the widespread decline, livestock farmers face the risk of heavy losses.

Pig prices today, October 18, pig prices in all three regions of the North, Central and South have decreased widely. If the market continues, pig farmers will suffer heavy losses.

Giá heo hơi hôm nay 31/7: Việt Nam có tiềm năng lớn về sản xuất thịt heo

Pig prices today, October 18, in all three regions of the North, Central and South, have decreased widely. If the market continues, pig farmers will suffer heavy losses. (Source: QĐND Newspaper)

Pig price today October 18

* The pig market in the North decreased widely.

Specifically, after a reduction of VND1,000/kg, traders in Bac Giang, Hung Yen, Nam Dinh, Thai Nguyen, Thai Binh, Ha Nam and Hanoi are purchasing live pigs at prices ranging from VND49,000 - 50,000/kg.

* Pig prices in the Central and Central Highlands regions continued to decrease by 1,000 - 3,000 VND/kg in many places.

Specifically, the provinces of Nghe An, Ha Tinh, Quang Tri, Quang Nam, Quang Ngai, Khanh Hoa and Lam Dong all decreased by 1,000 VND, currently hovering around 48,000 - 50,000 VND/kg.

After decreasing by 2,000 VND, the price of live pigs in Dak Lak and Binh Dinh is at 48,000 VND/kg and 49,000 VND/kg, respectively.

The highest decrease of 3,000 VND was recorded in Thanh Hoa province, the current transaction price is 47,000 VND/kg.

Currently, the price of live pigs in the Central Highlands region is around 47,000 - 50,000 VND/kg, the purchasing process is quite slow, mainly serving the province.

* Pig prices in the South are also slightly affected by the general market, with the average price reaching 50,000 VND/kg.

Specifically, the price of live pigs decreased by VND1,000 in Tra Vinh and Vung Tau, trading at VND48,000 and VND50,000/kg, respectively.

The price of live pigs in the Southern region today fluctuates between 48,000 - 53,000 VND/kg. Some pessimistic opinions predict that the price of pigs will continue to decrease until the end of October.

If the market develops as predicted, farmers will suffer heavy losses and pork prices at the end of the year will be very difficult to predict.

* Mr. Pham Kim Dang - Deputy Director of the Department of Animal Husbandry (Ministry of Agriculture and Rural Development) said that despite economic difficulties, being heavily affected by Covid-19, and the military conflict between Russia and Ukraine, causing supply disruptions, the livestock industry has still achieved stable growth of 4.5 - 6% over the past 5 years. In livestock farming, there are 3 very important pillars, including breeding animals, feed and environment.

Regarding breeding animals, Mr. Dang affirmed that domestic breeding production capacity can meet the demand. Regarding animal feed, currently, the country has 269 facilities producing complete mixed industrial animal feed with a total designed capacity of 43.2 million tons.

Annual animal feed production is about 20-21 million tons, but it still depends heavily on imported raw materials. There was a time when the price of animal feed production increased, but now it has decreased significantly.

In the first 9 months of 2023, livestock and poultry herds generally developed stably. Except for the buffalo herd, which continued to decrease compared to the same period in 2022, other livestock herds increased in number compared to the same period in 2022. With the current growth rate, if there are no special problems, the livestock industry will ensure food supply in the last months of 2023.

In the first 9 months of 2023, the prices of livestock products fluctuated greatly, but the prices of food in the market did not fluctuate much. Therefore, it can be seen that profit sharing is not guaranteed.

Source