Pig price today October 9, 2024: Continues to decrease nationwide

Pig price in the Northern region

In the Northern region, the price of live pigs today, October 9, 2024, slightly decreased by 1,000 VND/kg and traded in the range of 67,000 - 68,000 VND/kg.

After reducing the price, traders in Hanoi are purchasing live pigs at 68,000 VND/kg, equal to Bac Giang, Thai Nguyen, Yen Bai, Hung Yen, Hai Duong, Phu Tho, Thai Binh, Vinh Phuc, Tuyen Quang, recording this as the highest price in the region.

With the same price reduction, traders in Nam Dinh and Ninh Binh are purchasing live pigs at 67,000 VND/kg, equal to that in Lao Cai and Ha Nam, recording this as the lowest price in the region.

Pig price in the Central Highlands region

The Central and Central Highlands regions also adjusted down 1,000 VND/kg in Thanh Hoa, to 67,000 VND/kg, the same price as Nghe An and Ha Tinh.

Also recording this decrease, Binh Dinh and Dak Lak dropped to 64,000 VND/kg this morning, along with Thua Thien Hue and Ninh Thuan, the provinces with the lowest prices in the region. The remaining provinces in the region remained stable at around 65,000 - 66,000 VND/kg.

Pig price in the Southern region

The Southern market recorded a decrease in Ba Ria - Vung Tau and Dong Thap, to 65,000 VND/kg and 64,000 VND/kg, respectively.

Currently, the price of live pigs in this area fluctuates from 63,000 - 66,000 VND/kg. Of which, Ben Tre is the only province buying and selling at 63,000 VND/kg, the lowest in the country.

In general, the price of live pigs today continues to decrease in many localities, especially in the North. Currently, the mark of 69,000 VND/kg has disappeared from the market. According to the survey, the three regions are buying and selling at a difference of about 63,000 - 68,000 VND/kg.

Since September, livestock industry stocks have increased in price, surpassing the general market index.

DBC shares of Dabaco Group increased by 4% to VND29,000 per share on October 3.

BAF shares of BaF Vietnam Agriculture increased 19.7% to VND21,550 per share.

MML and PSL stocks also increased in price, remaining stable even when the general market fell.

The price increase reflects concerns about damage caused by Typhoon No. 3, which has reduced the supply of pigs and other livestock. Typhoon No. 3 has killed more than 26,485 cattle and nearly 3 million poultry, destroyed barns, making it difficult to restore herds.

Pig prices have increased sharply, reaching a five-year high, ranging from VND64,000 to VND69,000 per kilogram, even exceeding VND70,000 per kilogram in some northern provinces.

Raw material prices for animal feed production have decreased by 30-40%, helping businesses save costs and increase profits.