Pig price today 11/11/2024: Stable

Pig price in the North

Today's live pig price in the North is stable compared to the previous day, fluctuating between 62,000 - 64,000 VND/kg.

Specifically, provinces such as Thai Nguyen, Phu Tho, Vinh Phuc, Bac Giang, Hanoi, Thai Binh, Hung Yen, and Hai Duong recorded the highest price of 64,000 VND/kg.

In contrast, Lao Cai and Ninh Binh provinces have the lowest price of 62,000 VND/kg. Other localities have prices fluctuating at 63,000 VND/kg.

Pig price in Central Highlands region

In the Central Highlands region, the price of live pigs today remained stable compared to the previous day, fluctuating from 60,000 - 63,000 VND/kg.

Traders in Thanh Hoa and Nghe An purchased at the highest price of 63,000 VND/kg, while Dak Lak, Khanh Hoa and Quang Nam provinces had the lowest price of 60,000 VND/kg.

Other provinces recorded prices from 61,000 - 62,000 VND/kg.

Pig price in the Southern region

Pig prices in the South also remained stable, fluctuating between 60,000 - 63,000 VND/kg.

Provinces such as An Giang and Can Tho have the highest price of 63,000 VND/kg, while provinces such as Soc Trang, Tra Vinh, Hau Giang, Dong Nai, Ba Ria - Vung Tau, and Bac Lieu recorded the lowest price of 60,000 VND/kg.

Other provinces have prices from 61,000 - 62,000 VND/kg.

In general, pig prices in all three regions of the country are stable, fluctuating from 60,000 - 64,000 VND/kg today.

Below are 8 forecasts for the pig farming industry in Vietnam in the period 2025-2030:

Domestic demand for pork: Although domestic demand for pork remains large, it will gradually decrease as consumers switch to other foods such as poultry, shrimp, fish, red meat and vegetable protein.

Competition from imported meat: The domestic pig farming industry will face increasing competition from imported pork, especially when imported products increase by an average of 15-20% per year.

Diseases: Diseases such as African swine fever are still complicated, causing difficulties for farmers. Biosecurity in livestock farming will be an important measure to control this disease.

Environmental pressure: Environmental and greenhouse gas controls will increase pressure on the livestock sector, especially pig and cattle farming. Pig farms with a scale of 3,000 pigs/farm may be required to conduct greenhouse gas inventories from 2027.

Reducing the number of pig farming households but increasing the total herd: The number of pig farming households will decrease, but the total pig herd in the country will still increase by about 2-3% per year. It is forecasted that the pig herd size could reach about 28.5 million heads by 2028.

Pig farming trends: The pig farming industry will develop according to 3 main models: Chain farming linked with large corporations, bringing stability and low risk; Farming in large households, self-coordinated farms or feed processing, requiring capital and management ability; Traditional farming, using by-products from collective kitchens, but with many risks of disease and food safety.

Difficulties in building new facilities: Building new pig farms will be difficult, so existing facilities will play an important role in maintaining stable pig herd size.

Breed development and slaughtering technology: The development of specific pig breeds and appropriate slaughtering technology will help the pig farming industry increase its competitiveness and meet domestic market demand, while meeting the requirements of international economic integration.