The price of pigs plunged slightly, the market dropped dripping, and the traders were quiet

Published 2020년 9월 5일

Tridge summary

The article reports a significant decrease in the price of live pigs in Vietnam, with costs dropping by 25% to around 76,000 VND per kilogram, due to an increase in supply and reduced demand caused by the Covid-19 pandemic and the tradition of vegetarianism in the seventh month of the lunar calendar. Despite this, pork prices at markets and supermarkets remain high. The article also mentions the impact of African swine fever on meat supply and a report indicating a decrease in pork consumption per capita by 13% in the past six months. The Department of Livestock Production remains optimistic, anticipating a balance in supply and demand by the end of the year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The price of live pigs is reduced by 25%. Share with PV. VietNamNet on the afternoon of September 3, Mr. Nguyen Van Toan, owner of a pig farm with nearly 2,000 heads in Khoai Chau (Hung Yen), said that the price of live pigs dropped sharply. One week, traders only pay at 76,000 VND / kg. Mr. Toan calculated, compared to the time of May (the highest pig price in history, at over 100,000 VND / kg), the live pig price has decreased by 24,000 VND / kg, or 1/4 compared to before. "The supply increased, but due to the Covid-19 epidemic, people sold off the herd so the price dropped even more," he said. At Ha Nam poultry wholesale market, the market management board also said that the price of live pigs on September 3 fluctuated at 73,000-74,000 VND / kg, the most beautiful pig in the market was only 81,000 VND. / kg. On this occasion, the supply of pigs has increased. On average, every day, about 500-600 live pigs flock to this market, this representative shared. Recognizing live hog ...

Source: Industry and Consumption Newspaper