Pig price on December 24: Continued to increase in many localities
Pig price on December 24: Fluctuating from 63,000 - 69,000 VND/kg, with the trend continuing to increase in many localities in all three regions. Large enterprises simultaneously increase pig prices.
Northern region: Pig price continues to increase
According to records, the price of live pigs in the North continues to increase. Many provinces and cities have reached 69,000 VND/kg, including Phu Tho, Thai Nguyen, Hai Duong, Hung Yen, Vinh Phuc and Nam Dinh. This price level is also recorded in Hanoi, Tuyen Quang, Bac Giang and Thai Binh.
Other localities in the region maintained purchasing prices in the range of 67,000 - 68,000 VND/kg, with the lowest level of 67,000 VND/kg in Lao Cai and Ninh Binh.
Central Highlands region: Prices increased in many places
In the Central region, the price of live pigs increased by 1 price in Lam Dong and Dak Lak, currently reaching 67,000 VND/kg. The provinces of Quang Tri, Thua Thien Hue, Quang Nam and Quang Ngai also recorded an increase in price, reaching 65,000 VND/kg.
The entire Central region is trading at around 64,000 - 68,000 VND/kg, with Thanh Hoa having the highest price, 68,000 VND/kg.
Southern region: Prices increase in some provinces
In the South, the price of live pigs increased in Ho Chi Minh City, reaching 67,000 VND/kg. The provinces of Hau Giang and Dong Thap also recorded an increase in price, reaching 65,000 VND/kg.
Currently, the price of live pigs in this region fluctuates from 63,000 - 67,000 VND/kg. Kien Giang, Tien Giang and Ben Tre provinces continue to maintain the lowest price in the region, at 63,000 VND/kg.
Nationwide, the price of live pigs today fluctuates from 63,000 - 69,000 VND/kg, with an increasing trend in all three regions.
Large enterprises simultaneously increase pork prices
The high demand for pork during the Tet holiday has forced large businesses to adjust the price of live pigs. The price has now increased to 66,000 - 68,000 VND/kg, 5-7% higher than the same period last year.
CP Vietnam, the company with the largest market share, has continuously raised prices. In the southern region, the company's live hog price has increased from VND62,000 - 64,000/kg to VND67,000 - 68,000/kg. Similarly, Dabaco has also raised the price of 120-125 kg live hogs to VND65,000 - 66,000/kg, and 110 kg hogs to VND64,000/kg.
At Hoc Mon wholesale market, the price of grade 1 live pigs has reached 68,000 VND/kg, while the price of pigs from the people in some places has reached 70,000 VND/kg.
The sharp increase in the price of live pigs has pushed up the price of pork in the markets. Baby back ribs are currently priced at 150,000 VND/kg, pork belly is at 130,000 VND/kg, an increase of 10,000 - 15,000 VND/kg compared to last week.
Reasons for sharp increase in pork prices
According to the leader of Hoc Mon wholesale market, the price of live pigs increased due to the high demand for pork at the end of the year, while the supply is still limited. The herd restoration in many localities is taking place more slowly than expected, along with concerns about disease, which has reduced the number of pigs coming to the market. This is the main reason for the significant increase in the price of live pigs and related products.