Pig price today September 30, 2024: Continued decrease in the North

Pig price in the Northern region

Pig prices in the North today, September 30, 2024, have slightly decreased, fluctuating from 68,000 to 70,000 VND/kg.

Traders in Hanoi, Hung Yen and Hai Duong are buying pigs at VND69,000/kg, the highest price in the region.

In Phu Tho, Vinh Phuc, Tuyen Quang and Nam Dinh, the purchase price of live pigs is 68,000 VND/kg, the lowest in the region.

In other northern provinces, the price of live pigs is 69,000 VND/kg.

Pig price in the Central Highlands region

Pig price today in Nghe An decreased slightly, only 67,000 VND/kg after adjusting down 1,000 VND.

Thanh Hoa currently has the highest pork purchase price in the region, at 68,000 VND/kg.

In Nghe An and Ha Tinh, live pigs are being purchased at the same price of 67,000 VND/kg.

The lowest price in the region was recorded in Thua Thien Hue, with a purchase price of 64,000 VND/kg.

In other localities in the region, the purchase price of live pigs ranges from 65,000 to 66,000 VND/kg.

Pig price in the Southern region

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

Traders in Dong Thap, Dong Nai and Binh Duong are buying pigs at the highest price in the region of 67,000 VND/kg.

On the contrary, in Kien Giang, Tien Giang, Bac Lieu, Tra Vinh and Soc Trang, the lowest pork purchase price is 64,000 VND/kg.

In other localities in the South, the price of pork fluctuates from 65,000 to 66,000 VND/kg.

Nationwide, pork prices are showing a downward trend, ranging from 64,000 to 69,000 VND/kg.

Mr. Nguyen Xuan Duong, Chairman of the Vietnam Livestock Association, said that the recent floods have not had a major impact on the domestic food supply. Although the storms and floods have affected the market, the extent is insignificant because only a small proportion of the total livestock population has been affected.

If production is well managed, domestic food demand can be fully met. Livestock farmers have about 4 months from now until the end of the year to complete a livestock cycle and make up for the losses caused by floods.

Mr. Nguyen Xuan Duong emphasized that if small-scale farmers start to restore their herds now, new supply will only appear on the market in January 2025, so pork prices will likely remain high until the end of 2024.

Rising pork prices have brought hope to farmers, but many are still hesitant about increasing their herds due to high costs and disease risks.

Mr. Nguyen Dinh Tuong, owner of a pig farm in Can Huu commune (Quoc Oai district), expressed concern about unstable pig prices and the risk that rapid herd restoration could lead to losses.

Mr. Duong Tat Thang commented that in the future, pig farming in a professional and closed farm model will become the main trend, gradually replacing small-scale farming households.

Raising livestock in a closed farm model can help reduce costs by 7-10% compared to small-scale farming, due to the ability to self-supply breeds and feed, while small-scale households buying from outside will have to pay higher prices.