Pig price today November 18, 2024: Extending the series of sideways days
Pig price today November 18, 2024: Continuing the series of sideways days, the high pig price helps many livestock businesses win big.
Pig price in the North
The price of live pigs today (November 18, 2024) in the North remains high, from 62,000 - 64,000 VND/kg. Hanoi and Phu Tho have the highest price of 64,000 VND/kg.
Other provinces such as Bac Giang, Yen Bai, Hung Yen, Hai Duong, Nam Dinh, Thai Nguyen, Thai Binh, Ha Nam, Vinh Phuc, Tuyen Quang, Lao Cai and Ninh Binh remained at 62,000 - 63,000 VND/kg.
Pig price in Central Highlands
Pig prices in the Central and Central Highlands regions on November 18, 2024 ranged from 60,000 - 62,000 VND/kg.
Thanh Hoa, Nghe An, Ha Tinh and Quang Binh provinces keep the price at 62,000 VND/kg.
Binh Dinh has a lower price, about 61,000 VND/kg, the remaining provinces have a price of 60,000 VND/kg.
Pig price in the South
The price of live pigs in the South on November 18, 2024 fluctuated from 60,000 - 63,000 VND/kg. Can Tho and Ca Mau had the highest price of 63,000 VND/kg.
Other provinces such as Long An, Dong Nai and Bac Lieu maintain prices from 60,000 - 62,000 VND/kg.
The live hog market is stable and is expected to continue fluctuating between 60,000 - 64,000 VND/kg.
In the third quarter of 2024, most pig farming businesses saw strong increases in profits. The main reason was the large difference in the average price of live pigs nationwide between the two periods and the low price of animal feed ingredients.
In the third quarter of 2024, the average price of live pigs nationwide remained around VND65,000/kg, at times reaching nearly VND70,000/kg, an increase of 30-40% over the same period last year. This has created a big difference in the business results of livestock enterprises compared to the third quarter of 2023 when pig prices dropped sharply to below VND50,000/kg.
In general, the difference in pig prices between two business periods fluctuates around 30-40%, and this difference is clearly reflected in the business results of the pig farming group in the third quarter.
After 9 months, the business results of pig farming enterprises are as follows:
Dabaco profited 530 billion VND, 28 times higher than the same period.
BAF profit 214 billion VND, 4 times higher than the same period.
HPG's agricultural sector's profit increased more than 7 times, reaching 689 billion VND.
MML lost 72 billion VND, but has recovered strongly compared to the same period last year when it lost 318 billion VND. The company aims to have a loss after tax of 400 billion VND in 2024, so this result can be considered a success.
