Pig price today September 13, 2024: Stable market

Pig price in the North

Pig prices in the North today remain unchanged, ranging from 64,000 to 67,000 VND/kg.

Hanoi has the highest pork price, at 67,000 VND/kg.

Ninh Binh has the lowest price, at 64,000 VND/kg.

Other provinces in the North kept prices stable, with no new fluctuations.

Pig price in Central Highlands region

The price of live pigs in this area today has not changed much, ranging from 62,000 to 66,000 VND/kg.

In Thanh Hoa, the price of live pigs is 66,000 VND/kg, the highest price compared to other regions.

On the contrary, in Khanh Hoa, Dak Lak and Ninh Thuan, the price of live pigs is the lowest, only 62,000 VND/kg.

Other provinces and cities currently have live pig prices ranging from 63,000 to 64,000 VND/kg.

Pig price in the Southern region

Pork purchasing prices in Southern Vietnam are currently stable, ranging from 62,000 to 65,000 VND/kg.

Provinces such as Binh Phuoc, Tien Giang and Tra Vinh have the lowest prices, at around 62,000 VND/kg.

Deputy Minister of Agriculture and Rural Development Phung Duc Tien emphasized that food demand will increase at the end of the year and during the 2025 Lunar New Year, so early preparation is needed to ensure uninterrupted pork supply.

Currently, Vietnam's pig herd size is nearly 30 million, with a growth rate of 2.2% in the first 8 months of 2024. The poultry herd also grew by 3.4%, reaching 562.8 million.

Experts predict that pork prices will not increase until the end of the year. Although the consumer price index (CPI) often fluctuates when there are changes in wages or other factors, the CPI this year is expected to be stable.

Vietnam's agriculture not only meets domestic demand but also has export potential.

The Philippines is expected to import 510,000 tons of pork in 2025, up more than 6% from 2024, according to a report by the Global Agricultural Information Network (GAIN) of the United States Department of Agriculture (USDA).

Due to challenges from animal diseases and economic growth, coupled with projected population growth, the Philippines' pork imports are likely to increase.

Brazil is increasing pork exports to the Philippines, which also contributes to the forecast of increased pork imports by the Philippines by 2025. Vietnam has a great opportunity to export pork to the Philippine market in the coming time.