Vietnam: Live hog price on August 11, 2021; livestock feed cools, will new households re-herd?

Published 2021년 8월 11일

Tridge summary

Live hog prices in Vietnam are fluctuating across different regions, with prices ranging from 51,000 to 56,000 VND/kg. However, the continuous decrease in live pig prices and unprecedented increase in animal feed prices, which have risen eight to nine times since the end of 2020, are causing significant financial strain for farmers. The high dependency on imported materials and the lack of state regulation in the animal feed industry have led to higher prices in Vietnam compared to neighboring countries, with feed accounting for 70-75% of the product cost. The Vietnam Livestock Association has called on the Ministry of Agriculture and Rural Development to address these issues and regulate the prices and discount rates for animal feed to support farmers.

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

Original content

Live hog prices in the North Specifically, in the whole region, there is only Bac Giang province, the price of live pigs has increased slightly by 1,000 VND/kg to 55,000 VND/kg. In Thai Binh and Hung Yen provinces, live hog prices were flat today, currently purchased at 55,000 VND/kg and 56,000 VND/kg. In localities such as Phu Tho, Yen Bai, Lao Cai, Vinh Phuc, Hanoi, Ninh Binh, Thai Nguyen, Ha Nam, Nam Dinh, live hog prices are flat, currently at 54,000 VND/kg. In Tuyen Quang province, live hog prices are at the lowest level in the whole region at 52,000 VND/kg. Thus, today's live hog price in the North is fluctuating in the range of 52,000 - 56,000 VND/kg. Live hog price in Central - Central Highlands Specifically, in Thanh Hoa, Nghe An, Ha Tinh, Quang Ngai, Binh Dinh, Hue and Ninh Thuan provinces, the price of live hog is at 54,000 - 55,000 VND/kg. In Dak Lak, Quang Binh, Quang Tri, Quang Nam, Khanh Hoa, Lam Dong, Binh Thuan provinces, the price of live hogs was purchased ...

Source: Vinanet