Vietnam: Pig prices continue to increase in all three regions; forecast to be in demand during Tet

Published Dec 11, 2024

Tridge summary

Vietnam is experiencing a significant increase in pig prices as the year draws to a close, with prices in several provinces reaching 65,000 VND/kg. The price surge is attributed to increased purchasing power and consumption demand. However, concerns have been raised about the potential importation of live pigs from other countries due to the price gap. Despite this, Vietnam's meat exports have seen a slight increase in volume but a decrease in value compared to the previous year, with Hong Kong being the largest export market. On the other hand, meat imports into Vietnam have risen both in volume and value, with India being the primary supplier.

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

Original content

Pig price today December 11, 2024, the market has a very good price. The North continues to increase prices in the provinces: Vinh Phuc, Hanoi and Hai Duong reaching 65,000 VND/kg; Yen Bai, Ha Nam increased by 1 price to 64,000 VND/kg. The Central region increased in Khanh Hoa reaching 62,000 VND/kg, the average regional price reached 63,000 VND/kg. The Southern region today kept the price stable in the range of 62,000 - 64,000 VND/kg. As predicted, the price of pigs increased rapidly towards the end of the year when purchasing power and consumption demand increased. Pig prices in many localities across the country are maintaining an impressive rapid increase, bringing excitement to farmers. The upward trend in prices became even clearer when CP Vietnam Livestock Company adjusted the selling price of live pigs to VND65,000 - 66,000/kg, an increase of more than VND3,000/kg compared to last week. It is worth noting that the price of live pigs in other countries in the region is ...

Source: Danviet