Pig price today October 14, 2024: The downward trend has not stopped yet

Pig price in the Northern region

On October 14, 2024, the price of live pigs in the North decreased slightly, fluctuating from 66,000 to 67,000 VND/kg.

Hanoi, Thai Binh and Tuyen Quang all recorded prices of VND66,000/kg after a decrease of VND1,000.

The provinces with the highest prices in the region, 67,000 VND/kg, include Hung Yen, Hai Duong, Thai Nguyen and Ha Nam.

The general price for other localities in the North is 66,000 VND/kg.

Pig price in the Central Highlands region

In the Central Highlands region, pig prices are falling.

Quang Tri, Quang Nam and Khanh Hoa provinces have reduced prices by VND1,000/kg, down to VND64,000/kg.

Thua Thien Hue, Binh Dinh, Dak Lak and Ninh Thuan also have live pig price of 64,000 VND/kg.

Thanh Hoa, Nghe An, and Ha Tinh have the highest pig purchase price in the region, at 66,000 VND/kg.

Currently, the price of live pigs on the market fluctuates from 64,000 to 66,000 VND/kg.

Pig price in the Southern region

In the Southern region, the price of live pigs today decreased by VND 1,000/kg, down to VND 64,000/kg in An Giang and Vinh Long.

In other southern provinces, live pig prices range from 63,000 to 65,000 VND/kg.

Traders in Binh Duong, Long An, Binh Phuoc, Dong Nai, Ho Chi Minh City, Tay Ninh, Ba Ria - Vung Tau, Vinh Long and Ca Mau are buying live pigs at the highest price in the region of 65,000 VND/kg.

Nationwide, live hog prices are falling rapidly, with current prices ranging from VND63,000 to VND67,000 per kilogram according to a recent survey.

In the past 2 months, the price of live pigs has continuously increased and is at a high level. Livestock farms are in the process of re-herding and increasing their herds to prepare for the 2025 Lunar New Year market.

Storm No. 3 caused heavy damage to many northern provinces, affecting the livestock industry. It is expected that pig prices will continue to remain high due to the need to restore production after the storm, creating opportunities for livestock farmers to invest in the Tet crop season.

The price of piglets has also increased, with the current price of 10-12kg piglets being 2 million VND/pig, 500-800 thousand VND/pig higher than last year.

According to Mr. Nguyen Van Trong, former Director of the Department of Animal Husbandry, recent floods have damaged many pig batches prepared for Tet, and herd restoration is a big challenge due to the short time left.

Farmers need time to rebuild barns, ensure hygiene, prepare breeds and capital to restore herds.

Pig prices are forecast to be good during Tet, and provincial livestock farms are investing heavily to serve the market.