Pig price today October 18, 2024: Unexpectedly keeping the price stable

Pig price in the Northern region

Pig prices in the North today remain unchanged, still ranging from 64,000 to 65,000 VND/kg.

Thai Nguyen, Thai Binh and Nam Dinh provinces have the highest live pig prices, reaching 65,000 VND/kg.

The provinces of Bac Giang, Yen Bai, Lao Cai, Hung Yen and Hanoi kept prices stable at 64,000 VND/kg.

This stability is a positive sign, showing that the northern pig market is recovering after a period of price decline.

Pig price in the Central Highlands region

In the Central and Central Highlands regions, the price of live pigs has not changed much compared to before.

Specifically, in Thanh Hoa, Nghe An, Lam Dong and Binh Thuan provinces, the price of live pigs is 64,000 VND/kg.

Dak Lak province has the lowest pork price in the region, at 62,000 VND/kg.

Some other provinces such as Ha Tinh, Quang Binh, Quang Nam and Khanh Hoa have live pig price of 63,000 VND/kg.

Pig price in the Southern region

In the South, the current price of live pigs ranges from 62,000 to 65,000 VND/kg.

In the provinces of Binh Phuoc, Dong Nai, Ho Chi Minh City, Binh Duong and Ba Ria - Vung Tau, the price of live pigs is 65,000 VND/kg, the highest price.

Ben Tre has the lowest pork price at 62,000 VND/kg, down 1,000 VND compared to the previous day.

Other provinces such as Long An, Dong Thap, Can Tho and Kien Giang have prices ranging from 63,000 to 64,000 VND/kg.

Overall, today's live pig price is quite stable, without major fluctuations after several days of price reduction.

Both the North and the South have the highest price of 65,000 VND/kg, while the Central and Central Highlands have the lowest price of 62,000 VND/kg.

Vietnam’s livestock industry is growing rapidly but needs to become more sustainable. Adopting sustainable solutions is key to giving the industry an edge and building a green future.

Livestock is an integral part of the food system, providing nutrition and livelihoods, and the sector faces challenges such as environmental degradation, biodiversity loss and climate change, said Thanawat Tiensin from the FAO.

The global population is expected to grow to nearly 10 billion by 2050, increasing demand for meat, eggs and milk by 20%. Sustainable livestock farming helps meet food needs while reducing environmental impacts.

Sustainable livestock production also contributes to the protection of natural resources, increases economic resilience and creates a sustainable future. It also helps increase productivity, reduce production costs and improve competitiveness in the market.

Mr. Tiensin emphasized the need to improve the efficiency of livestock production systems to increase productivity and reduce environmental impacts. This includes optimizing feed conversion, reducing waste, improving nutrient utilization, and reducing greenhouse gas emissions. Climate-smart farming and livestock production methods need to be adopted to achieve greater efficiency.