Pig prices are on the rise, meat prices are also increasing.
(Baonghean.vn) - Over the past month, the price of live pigs has been on the rise again. Currently, the price of live pigs is fluctuating at 60,000 - 64,000 VND/kg, an increase of 12,000 - 14,000 VND/kg compared to April 2023. The price of pork in the markets has also increased accordingly.
Just sold more than 8 tonspigsWith the price of 58,000 VND/kg, Mr. Tran Dinh Ngoc (Mon Son commune, Con Cuong district) is excited because he has started to make a profit after more than a year of losses when the price of pigs was low and the price of animal feed increased. Mr. Ngoc said: "With this price, large-scale farms will make a good profit, and small farms, family farms or households will also have wages. As long as the price of pigs is stable at 58,000 - 60,000 VND, farmers will make a profit."
Long-term losses forced Mr. Ngoc to reduce his herd from 400 pigs/batch to 100 pigs/batch. So, at this point, although pork prices have increased, the pigs are not yet of sufficient weight to be sold.
Selling 10 pigs for 59,000 VND yesterday (June 26), this morning, Ms. Hoang Thi Mo (Hung Nghia commune, Hung Nguyen district) received a notice that the price of live pigs had increased to 61,000 VND/kg. "I thought that the price of pigs reaching 60,000 VND/kg was high, because the pigs sold 1 month ago were only sold for 46,000 VND/kg. With this price, each pig would make a profit of 800-1 million VND after nearly 5 months of care," Ms. Mo said.
According to a survey, over the past month, the price of live pigs has increased steadily, from 50,000 VND to 60,000 VND/kg. In particular, the price of pigs of CP Livestock Joint Stock Company is 3-4 times higher than the general market price, currently hovering at 63,000-64,000 VND/kg.
Ms. Le Na San (Anh Son), a professional traderpurchasing pigs for meatCentral provinces importing to Northern provinces said: "The price of live pigs in Nghe An, Thanh Hoa, and Ha Tinh provinces fluctuates at 58,000 - 61,000 VND/kg, about 10 prices higher than 1.5 months ago. It is forecasted that the price of pigs will continue to increase by 2-3 prices and last for about 3-4 months to come."
According to Ms. Na, the reason why the price of live pigs has increased rapidly in recent times is because before that, the price of pigs hit rock bottom for a long time, farmers suffered losses so they reduced their herds, and in many places, people "hung up their cages" and did not re-herd. Therefore, the supply of pork at this time is less than before, the imbalance between supply and demand has pushed the price of pigs up.
The price of live pigs has increased, so the price of pork in the traditional markets has also increased. Currently, pork in the market costs from 100,000 to 130,000 VND/kg, an increase of 10,000 to 20,000 VND/kg compared to last month. Ms. Anh, a meat trader in Vinh, said: "The price of pork has increased, but the price of meat has only increased by 10,000 to 15,000 VND/kg (not including intermediary costs) because if it increases too much at this time, consumers will limit their pork purchases. Therefore, we accept selling large quantities to compensate for the price and keep a stable number of customers."
In supermarkets and clean food stores, pork prices have also increased by 10,000-15,000 VND/kg compared to before, with meat prices ranging from 120,000-160,000 VND/kg (depending on the type).
Pork prices increase,pig marketis on the way to recovery, farmers are excited to start making a profit after a long period of losses due to low pig prices. However, when continuing to restore the herd to ensure supply, people need to calculate the appropriate number of herds, spread the herd reasonably to avoid the situation where "supply" exceeds "demand" and pig prices fall again, while feed prices increase, leading to losses like in the past.