Pork prices today, April 7th: Prices recover across the board, reaching a high of 68,000 VND/kg.
The nationwide live pig market is showing a renewed upward trend in all three regions after the correction at the beginning of April, with the northern region recording the most significant increase.
The live pig market on April 7th showed signs of a uniform recovery after a price adjustment period at the beginning of the month. According to survey data, new prices have edged up in many key localities, reflecting a shift in the supply-demand balance and gradually improving consumer demand.
Southern Vietnam: Maintaining the highest price levels nationwide.
In the southern region, live pig prices recorded a slight recovery. Notably, localities including Ho Chi Minh City, Dong Nai, Tay Ninh, and Dong Thap currently maintain a price of 68,000 VND/kg – the highest price recorded nationwide in today's trading session.
| Local | Pork price (VND/kg) |
|---|---|
| Ho Chi Minh City, Dong Nai, Tay Ninh, Dong Thap | 68,000 |
| Vinh Long | 67,000 |
| Ca Mau, Can Tho | 66,000 |
| An Giang | 65,000 |
In Vinh Long, the purchase price increased to 67,000 VND/kg. Localities like Ca Mau and Can Tho remained stable at 66,000 VND/kg. An Giang, however, currently has the lowest price in the South at 65,000 VND/kg. Overall, the upward trend in the South is proceeding cautiously.
The North leads the growth momentum.
The North is currently experiencing the most significant price increase. Numerous provinces and cities have simultaneously established a new price level of 65,000 VND/kg, indicating a clear improvement in purchasing power in this region.
- Price: 65,000 VND/kgHanoi, Bac Ninh, Hai Phong, Hung Yen, Thai Nguyen, Son La.
- Price: 64,000 VND/kgTuyen Quang, Quang Ninh, Lang Son.
- Lowest level:Lai Châu reached 63,000 VND/kg.
Analysts believe that the fact that many key localities in the North have reached the 65,000 VND/kg mark is a positive sign, potentially leading the overall market trend in the coming days.
Fluctuations in the Central and Central Highlands regions.
The market in Central Vietnam and the Central Highlands also recorded a uniform recovery across localities. In Thanh Hoa and Nghe An, the price of live pigs reached 64,000 VND/kg, while in Ha Tinh it was slightly lower at 63,000 VND/kg.
In the Central Highlands region, Dak Lak and Khanh Hoa both recorded a price of 65,000 VND/kg. Lam Dong continued to maintain its position as the region with the highest purchase price at 66,000 VND/kg. Other localities from Quang Tri to Gia Lai generally had prices at 64,000 VND/kg.
Market analysis and assessment
Price movements on April 7th indicate that the live pig market has entered a recovery phase after a previous period of slight decline. The improvement in the Northern market is becoming the main driving force boosting the sentiment of pig farmers.
In the short term, pork prices are expected to continue their slight upward trend if there are no unusual fluctuations in supply. However, market experts believe that a significant increase is unlikely due to actual purchasing power and breeding costs still putting pressure on profit margins.
