Vietnam: Thousands of meat pigs returned to the wholesale market, and the price of live pigs didn't rise

Published Dec 28, 2022

Tridge summary

The article highlights the current situation at Ha Nam Livestock and Poultry Wholesale Market, where there is an oversupply of pigs, leading to low prices. The majority of pigs are purchased for small-scale slaughter in neighboring provinces, with few sales to Hanoi slaughterhouses. Traders like Mr. Quang buy pigs at 50,000 VND/kg and sell them for 52-53,000 VND/kg, with a decrease in trading compared to previous months due to reduced demand and purchasing power. Consumers are buying less pork, and sellers are maintaining prices in anticipation of the Lunar New Year. The stable, low prices have been in place for over two months, despite high feed costs making farming unprofitable. The current market prices are largely unregulated, with farmers facing risks and challenges.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Mr. Nguyen Van Chinh, Manager of Ha Nam Livestock and Poultry Wholesale Market, the quantity of pigs brought to the market is high, supply is exceeding demand. Most people go to the market to buy pigs for small slaughter, mainly in neighboring provinces (Nam Dinh, Thai Binh, Hung Yen...). The quantity sold to slaughterhouses in Hanoi is very small, about 1 car per day with the quantity of 100 animals. Therefore, the hog price for sale at the market is at a stable level, low compared to a few months ago. Every day, from 8am to 11am, trading activities at Ha Nam Livestock and Poultry Wholesale Market, Boi Cau Commune (Binh Luc) take place regularly. It is easy to see that the amount of pigs brought to the market is quite abundant, with more than 1,000 pigs per day, from many sources. In which, the volume of pigs caught by traders in the province and brought to the market for sale accounts for about 50%, the rest is mainly transported from the southern provinces. ...
Source: Danviet

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