The price of live pigs is continuously going down, in some places, it is down 10,000-12,000 VND / kg compared to the previous month, down to nearly 70,000 VND.
In the North, live hog today (October 12) was around 66,000-73,000 VND / kg, of which, Hanoi, Bac Giang, Vinh Phuc … had the strongest drop. In the Central and Central Highlands, the pig price is 72,000-78,000 VND / kg. In the South, pigs fluctuate slightly from 70,000 to 76,000 VND per kg.
According to Mr. Thanh, a trader specializing in buying pigs in Hanoi, the price of live pigs today is only 66,000 VND / kg. This is also the lowest price for many months and is about 5,000 dong lower than lunar July.
Similarly, in the South, the price of pigs has also decreased from over 80,000 VND per kg to 70,000 VND per kg. Anh Hoa, a trader specializing in buying pigs in Long An, said that at the beginning of October, the price of live pigs bought at 78,000 VND has now cooled down to 70,000-71,000 VND per kg. The number of pigs purchased in recent days has also increased by 5-10% compared with the previous one. “The demand of the market has decreased over the past time so the price of pigs has dropped sharply,” he said.
Not only the price of live pigs in small businesses and farmers decreased, but also adjusted to 70,000 VND per kg in big companies.
Share with VnExpressMr. Le Xuan Huy, Deputy General Director of CP Vietnam Joint Stock Company, said that compared to more than a month ago, the pig price of the company has decreased by about 10,000 VND per kg. Accordingly, type 1 (super lean) pigs are being sold for 73,000 VND per kg, while type 2 pigs are 70,000 VND.
Explaining the sharp decline in pig prices, Mr. Huy said that imported frozen pigs and live pigs from Thailand to Vietnam increased sharply. Meanwhile, the purchasing power in the market decreased, the output of slaughter pigs also dropped sharply. At the same time, the easy outbreak of African swine fever made many farms worried, selling earlier than planned.
According to the report of Hoc Mon wholesale market, the number of pigs coming to the market reached 4,530 heads a day, an increase of about 1,000 heads compared to the previous two months. The price of live pigs also decreased by 7,000 VND compared to 10 days ago, to 73,000 VND per kg (pig type 1) and 70,000 VND per kg (type 2). Accordingly, the price of mixed pork chops down 5,000-7,000 VND per kg.
The report of Ho Chi Minh City shows that the output of pigs consumed per day in the province is currently only 5,600-5,700 heads per day, down 43% compared to the same period in 2019 (10,000-11,000 heads).