The volume of pigs arriving at the Ho Chi Minh City’s Hoc Mon Agricultural and Foodstuff Wholesale Market this morning, November 24th, dropped to 383 tons, a decrease of 13 tons compared to last weekend and over 20 tons less than the same period last week.
Meanwhile, the live pig prices from companies delivering to slaughterhouses in Ho Chi Minh City saw a slight increase of VND 1,000, ranging between VND 54,000 and VND 62,000 per kilogram. However, prices from small-scale farmers remained stable at around VND 50,000 to VND 60,000 per kilogram.
In other regions, live pig prices also inched up by VND 1,000 to VND 2,000, commonly ranging from VND 48,000 to VND 54,000 per kilogram.
The price of Grade 2 pork at the wholesale market (Ho Chi Minh City) remains stable.
At the wholesale market, Grade 1 pork was adjusted upward by VND 2,000 to VND 62,000 per kilogram. Grade 2 pork, however, maintained its price at VND 58,000 per kilogram compared to last weekend.
Despite the rise in pork prices, most pork cuts retained their prices: thigh meat at VND 65,000 per kilogram, tenderloin at VND 120,000 per kilogram, pork chop at VND 60,000 per kilogram, lean shoulder at VND 105,000 per kilogram, and front leg at VND 55,000 per kilogram.
A few items experienced slight fluctuations based on market demand: hind leg increased by VND 2,000 to VND 50,000 per kilogram, while belly pork decreased by VND 3,000 to VND 105,000 per kilogram.
According to traders, the significant drop in pig supply to the market stems from weak consumer demand. With sluggish sales, traders must adjust their procurement volumes to avoid excess inventory. Despite increases in live pig and pork prices, pork cuts cannot follow suit due to “market dynamics”: prices can only rise when purchasing power improves; otherwise, sellers must maintain or even lower prices to clear daily inventory.
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