Live hog price drops to 2-year low

In the face of increasingly complex and unpredictable impacts of climate change that seriously affect agricultural production, posing challenges for people in finding ways to develop a sustainable ecological agriculture. steady.

A survey by  VnExpress  shows that the price of live pigs in the North is currently around 66,000-68,000 VND per kg. Specifically, Nam Dinh, Thai Binh and Ninh Binh are trading at the same level of 68,000 VND per kg. As for Yen Bai, Thai Nguyen, Ha Nam, Vinh Phuc, Tuyen Quang and Bac Giang, the purchase price is only 66,000 VND per kg.

In the central region, the price of pork also decreased by 2,000 VND compared to the previous week to 66,000-67,000 VND per kg. In which, the lowest is Binh Dinh, Dak Lak with the price of only 65,000-66,000 VND.

For the southern region, the price of pork also dropped from 69,000 VND on June 1 to 65,000 VND (June 14). In particular, with grade 2 pigs, the price is only 60,000 VND per kg.

At C.P Vietnam Livestock Joint Stock Company, whose pig supply accounts for nearly 20% of the country's total pig supply, the price of live hog has decreased by 3,000 dong to 65,500 dong per kg compared to the beginning of the month.

Pig farm in the South. Photo:  Vissan.

Talking to VnExpress, Dong Anh, livestock farmers in Dong Nai informed that the supply of pigs is now quite abundant, so it pushes the price down. He said he has just released 100 pigs for meat at the price of 65,000 VND per kg. "With the high cost of input materials, each kilogram of live hog is currently only profitable at about 5,000-7,000 VND," Mr. Anh said, adding that this is also a record low in the past two years.

Specializing in purchasing pigs in Long An, Mr. Giau said that pigs have decreased by 3,000 VND per kg compared to the beginning of the month and reduced by 5,000 VND compared to the previous month to 69,000 VND for grade 1 pigs and 65,000 VND for grade 2 pigs.

According to Mr. Giau, in the near future, pork prices will go down because of abundant supply, while purchasing power decreases because of the epidemic. Many schools closed should reduce demand by 100% in this group. The group of restaurants and hotels also dropped by 50% due to social distancing.

The report of Hoc Mon Agricultural Products Wholesale Market shows that, on average, 3,900-4,200 chickens are imported every night. Especially, in recent days, goods to the market are abundant, every night is over 4,200 children, there are more than 4,500 children at night.

According to statistics, at the beginning of June, the price of grade 1 live pigs on the market was at 68,500 VND per kg, now it is 65,500 VND per kg, down 3,000 VND per kg. As for type 2 goods, from 63,000 VND to 60,000 VND per kg. This is also the first time in two years that the price of live pigs on the market is at 60,000 VND/kg.

Via: Vnexpress