Pig price today October 28, 2024: Continue to decrease slightly by 1,000 VND/kg

Pig price in the North

In the Northern region, the price of live pigs today decreased by 1,000 VND/kg in some localities and fluctuated between 61,000 - 63,000 VND/kg.

The Northern live pig market continued to decline in Vinh Phuc, Thai Nguyen, Bac Giang and Hanoi, to the same level of 62,000 VND/kg.

Traders in Hung Yen, Hai Duong and Thai Binh are purchasing live pigs at 63,000 VND/kg, the highest price in the region.

On the other hand, traders in Lao Cai and Ninh Binh are purchasing live pigs at 61,000 VND/kg, the lowest price in the region.

Pig price in Central Highlands region

The Central Highlands region is stable, purchasing at around 58,000 - 61,000 VND/kg.

In this morning's session, 4 provinces continued to trade live pigs at a price below 60,000 VND/kg, including: Quang Nam, Binh Dinh, Khanh Hoa and Dak Lak.

At the same time, Thanh Hoa, Nghe An, Ha Tinh and Lam Dong are the localities purchasing live pigs at 61,000 VND/kg, the highest in the region.

Pig price in the Southern region

The price of live pigs in the Southern market decreased by VND 1,000/kg in Ba Ria - Vung Tau and fluctuated between VND 59,000 - 62,000/kg.

Specifically, traders in Can Tho, Ca Mau, Dong Thap, and Soc Trang are purchasing live pigs at 62,000 VND/kg, the highest price in the region.

On the other hand, traders in Ben Tre are purchasing live pigs at 59,000 VND/kg, the lowest price in the region.

After reducing the price, traders in Ba Ria - Vung Tau are buying live pigs at 61,000 VND/kg, equal to those in Binh Phuoc, Dong Nai, Ho Chi Minh City, Binh Duong, Tay Ninh, Long An, Vinh Long, Kien Giang, Hau Giang, Tien Giang, Bac Lieu, Tra Vinh.

The remaining localities recorded live pig prices at 60,000 VND/kg.

There are less than 3 months left until Lunar New Year 2025. Normally at this time, pig farmers in Dong Nai have started to restore their herds to supply the Ho Chi Minh City market in the last months of the year. However, this year, many farmers are hesitant to restore their herds, leading to a forecast of a shortage in supply.

September and October are usually the months when farmers start to rebuild their herds in preparation for the year-end consumption season and Tet. Last year, Mr. Nguyen Trung Tri in Xuan Loc district raised 2,000 new pigs, but this year, he only rebuilt his herd of about 500 pigs, a 70% decrease.

Mr. Tri shared: “Prices are better this year, but African swine fever is raging, causing mass pig deaths. I am only restocking my herd sparingly and mainly keeping it over Tet.”

In addition to the epidemic, the high price of piglets is also making farmers cautious. Mr. Pham Viet Phuong, owner of a farm with more than 1,000 pigs in Ho Chi Minh City, said he has no plans to restock for this Tet holiday because the price of piglets has nearly doubled compared to last year, ranging from 2 million to 2.5 million VND/pig. The price of animal feed has also increased, making him worried that he will not make a profit when restocking. He plans to sell the last batch of pigs of the year, about 200 pigs, at the end of November and keep the herd for the post-Tet season.

Dong Nai Livestock Association said that the locality has also reduced the amount of pigs supplied to Ho Chi Minh City by about 20%, down to less than 4,000 pigs per day.

The price of live pigs has also fluctuated erratically. In September, the price fluctuated between 66,000 - 67,000 VND/kg, but in the past half month it has dropped to 60,000 - 64,000 VND/kg.

Although the price above 60,000 VND/kg is still profitable, with the complicated epidemic situation, many farmers are still worried about the risks when investing in herd restoration.