5 reasons why live pig prices hit bottom in Vietnam

Pork prices have dropped to the bottom According to the Department of Livestock, the average price of live pigs sold in November reached 51,000 VND/kg, equivalent to the price in October. In the first week of December 2023, the average price of live pigs nationwide was 48,000 VND/kg, a level Lowest price in 2023. This price is about 13,000 VND/kg lower than the time of the year's highest pig price (July 2023 with the national average price of 61,000 VND/kg, even in some Northern provinces at that time the highest price was 68,000 VND/kg). VND/kg). Although in the past 2 weeks, the price of live pigs has increased slightly by 1,000 - 2,000 VND/kg, bringing the average pig price in the first 15 days of December to 49,000 VND/kg, 3,000 VND/kg lower than the same period in 2022. At this time, the production cost of 1kg of live pigs ranges from 45,000 - 52,000 VND/kg. At this price, for each kg of live pigs sold, farmers hardly make a profit, or even lose money. Statistical data from ...