Pig price today August 22, 2024: Slightly scattered increase
Pig price today August 22, pig price increased slightly by 1,000 - 2,000 VND/kg in many provinces nationwide.
Pig price in the Northern region
In the Northern provinces, the purchase price of live pigs is maintained at a stable level. Most provinces in this region have an average transaction price of 65,000 VND/kg.
In Thai Binh province alone, the price of live pigs increased slightly by VND1,000/kg, reaching the highest level in the region at VND66,000/kg.
The current price of live pigs in the North ranges from 64,000 VND/kg to 66,000 VND/kg.
Pig price in the Central Highlands region
Pig prices in some locations in the Central and Central Highlands regions have increased slightly, by 1,000 VND/kg.
In Thanh Hoa and Binh Thuan, the adjusted price of live pigs is 65,000 VND/kg and 63,000 VND/kg respectively.
Other provinces in the region kept the same price as the previous day.
Currently, the price of live pigs in the Central and Central Highlands ranges from 61,000 to 65,000 VND/kg.
Pig price in the Southern region
In the South, the price of live pigs has recently increased from 1,000 to 2,000 VND/kg.
In Dong Nai and Binh Duong, the current price of live pigs is 63,000 VND/kg, an increase of 1,000 VND/kg compared to before.
Pig prices in Vung Tau, An Giang and Ca Mau also increased similarly, reaching the highest level in the region at 64,000 VND/kg.
In Dong Thap, Vinh Long and Can Tho, the price of live pigs increased by VND2,000/kg, ranging from VND63,000 to VND64,000/kg depending on the region.
Traders in other provinces and cities still maintain the purchase price of live pigs unchanged.
Currently, the price of live pigs in the South ranges from 61,000 to 64,000 VND/kg.
Vietnam is seeing growth in pork imports, although it currently accounts for only a small portion of total supply.
Experts and businesses have expressed concerns that pork imports could put pressure on the domestic livestock industry.
In the second quarter, Vietnam imported 27,000 tons of pork worth $60 million, double the previous quarter, but the total was only about 2% of domestic pork supply. Last year, imports of pork and pork by-products increased 28% to 235,000 tons. The surge in imports has domestic producers worried about losing market share.
Mr. Nguyen Van Tue, Deputy General Director of Dabaco Group, said that businesses are increasing livestock farming to take advantage of favorable pork prices.
Mr. Tue proposed that the State should set up technical barriers to limit imports, allowing only the import of main products and limiting by-products. He also recommended that businesses should only import products with long shelf life to avoid pressure on domestic prices.