The price of live hogs in Vietnam has evaporated again, coal farmers are so cheap, but meat imports are still up 300%

Published Dec 23, 2021

Tridge summary

The article highlights the challenges faced by small-scale pig farmers in Vietnam due to a significant decrease in live hog prices, which have dropped from 70,000 VND/kg to as low as 40,000 VND/kg for the first half of the year. Despite raising pigs to a size of 130 - 150 kg, prices remain around 50,000 VND/kg, leading to losses. The price drop is observed across various regions, with the lowest prices in Ha Nam, Ninh Binh, and Lao Cai provinces. The import of meat and meat products to Vietnam has seen an increase both in volume and value in 2021, with pork imports soaring by 300% compared to the same period in 2020. The price of imported pork is significantly lower than domestic pork, further exacerbating the challenges for small-scale farmers. Additionally, the resurfacing of African swine fever and high feed prices are adding to the pressures on livestock producers.

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

Original content

Sharing with PV Dan Viet, Ms. Hoang Thi Hien from Kim Son district (Ninh Binh) said: "For the first half of this year, the price of live hog has gradually decreased, from 70,000 VND/kg to 65,000 VND/kg, sometimes as low as only VND 70,000/kg. reached 40,000 VND/kg. My family found the live hog price too cheap, so I didn't sell it, kept raising it. Now all piglets are 130 - 150 kg, but the price of live hog is still around 50,000 VND/kg. hey, holes are certain". Hien's family has been raising pigs for nearly 20 years. Although her husbandry is small, her family also raises herds of sows to actively breed. Pig feed is used by her from wine residue, soybean residue, banana tree, water hyacinth mixed with industrial bran. In Kim Son, such pig-raising families are very common, so when the price of live hogs reaches VND80,000-90,000/kg as at the beginning of 2020, everyone makes a big profit. Normally, when raising pigs at 80-90kg, she asks traders to come in to catch them, but this ...

Source: Danviet