Domestic Pig Prices Drop by 2,000 VND/kg
Today, domestic pig prices continue to remain stable in the Northern region, fluctuating between 51,000 – 54,000 VND/kg, consistent with early-week levels. In the North Central region, prices are slightly lower by about 1,000 VND, ranging from 50,000 – 53,000 VND/kg. In the South Central region, prices have dipped mildly by 1,000 – 2,000 VND/kg, settling at 47,000 – 50,000 VND/kg.
At farming companies in the Southeast region, Grade 1 pig prices remain steady at 54,000 VND/kg, while Grade 2 prices have dropped by 1,000 VND to 51,000 VND/kg. The Southwest region has seen a similar decline, falling to 46,000 – 50,000 VND/kg.
Despite the sideways or slight downward trend in piglet prices, retail pork prices at local markets remain high, particularly in Ho Chi Minh City and Hanoi. This is due to unchanged costs in transportation, slaughtering, and input supplies.
Retail pork prices at local markets remain high
Pig Prices in China Plummet
Meanwhile, pig prices in China have sharply declined, putting some pressure on domestic prices. In Guangxi, piglet prices have fallen to 38,000 VND/kg, a 3,000 VND drop from a few days ago. Yunnan prices are at 39,000 VND/kg, and Guangdong stands at 43,000 VND/kg.
In contrast, piglet prices in neighboring countries remain stable: Laos at 44,000 – 53,000 VND/kg, Thailand at 40,000 – 48,000 VND/kg, Cambodia at 50,000 – 56,000 VND/kg, Myanmar at 68,000 – 73,000 VND/kg, Indonesia at 85,000 – 90,000 VND/kg, and the Philippines holding steady at 95,000 – 96,000 VND/kg.
Pork Prices Creep Up Ahead of the Holidays
As the festive season approaches, the demand for meat and by-products surges in preparation for the holiday celebrations. This year, the challenge lies in meeting the escalating consumer needs while navigating the complexities that come with managing a significant increase in meat and by-product supply, especially in the case of buffalo, cattle, pork, and poultry.
