Hung Nguyen: 60 pig farms are in trouble because each pig loses 1 million VND

(Baonghean.vn) - In Hung Nguyen (Nghe An), there are about 60 pig farms, with an average of 50 pigs per farm. Mr. Tran Quoc Trung - Chairman of the District Farm Economics Association said: Currently, there are many households raising pigs weighing more than 100 kg but have not been able to sell them.

More than 100kg of pigs from Mr. Ho Van Cuong's farm in Hung Tan have not been sold yet. Photo: Tran Chau

"My family currently has nearly 50 sows and 120 pigs. For each pig I sell, I lose 1 million VND. A 100 kg pig costs 4 million VND to sell, but can only sell for 3 million VND (if I can sell the live pig, it will be 30,000 VND/kg). Last year, the breeding pig sold for 1 million VND/pig, but now it has dropped to 400,000 VND, but I still can't sell it" - said Mr. Vo Ngoc Duyen, Hamlet 16, Hung Thang Commune.

Mr. Duyen has 16 years of experience raising pigs, and has invested 1.6 billion VND in the pig farm alone. Last year, the selling price of live pigs was 50,000 VND/kg, each pig earned a profit of 500,000 - 700,000 VND. Recently, the price of live pigs has continuously decreased and it is very difficult to sell. In the previous batch, Mr. Duyen raised 70 pigs. When the pigs reached the weight for sale, the price dropped to 28,000 VND/kg, which means each pig lost 500,000 - 800,000 VND.

The price of pigs has dropped and there are no buyers, so he has to sell each pig individually in the village. But not every day there are buyers. The price of live pigs has dropped, and many pig farmers are worried as their debts pile up.

Mr. Vo Ngoc Duyen, hamlet 16, Hung Thang commune, is worried because of the cheap price of pork. Photo: Thanh Tam

Ho Van Cuong's farm (Hung Tan) raises 200 pigs, and in the past few months, he has lost more than 100 million. Mr. Cuong said that a few months ago, he sold pigs for 35,000 VND/kg, but now no one is buying them anymore. He has exhausted all the money he borrowed from everywhere to buy pig feed.

The more you raise, the more you lose is the common situation of pig farmers today. Mr. Tran Quoc Trung - Chairman of the Farm Economics Association of Hung Nguyen district, who is also one of the households raising pigs and sows with a scale of hundreds of pigs in Hung Nguyen, said: At this time last year, the average price of live pigs was 50,000/kg, now it is below 30,000/kg but still cannot be sold. The more you raise, the more you lose, but the farms have not been able to find a solution to the current situation. In the district, there are currently about 60 pig farms in such a situation.

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