Pig price today, January 16: Pig price increased sharply, up to 57,000 VND/kg. (Source: Vietnambiz)

Pig price today January 16

* The live pig market in the North recorded an increase in many provinces and cities in the region.

Specifically, traders in Bac Giang, Thai Binh and Ha Nam are purchasing live pigs at 56,000-57,000 VND/kg depending on the region, an increase of 4,000 VND/kg.

The provinces of Yen Bai, Lao Cai, Hung Yen, Nam Dinh, Phu Tho, Hanoi, Ninh Binh and Tuyen Quang adjusted the price up by 3,000 VND/kg, currently the price of live pigs is around 55,000-56,000 VND/kg.

Today's live pig price in the North is around 53,000-57,000 VND/kg.

* Pig prices in the Central and Central Highlands regions increased sporadically by 3,000-4,000 VND/kg.

Of which, the highest transaction price recorded in Nghe An province was 56,000 VND/kg, an increase of 4,000 VND/kg.

Ha Tinh and Thanh Hoa provinces increased by VND3,000/kg and VND4,000/kg, respectively, to VND54,000/kg and VND55,000/kg.

Currently, the price of live pigs in the Central and Central Highlands regions is around 49,000-56,000 VND/kg.

* In the Southern region, the price of live pigs did not record any new changes compared to yesterday.

Accordingly, live pigs in Hau Giang, Tien Giang, Tra Vinh and Ben Tre are being purchased at the lowest price in the region at 49,000 VND/kg.

The remaining provinces and cities have live pig prices ranging from 50,000-51,000 VND/kg.

The price of live pigs in the Southern region today fluctuates between 49,000-51,000 VND/kg.

* Commenting on the price of live pigs during the Lunar New Year, Mr. Nguyen Van Trong, former Deputy Director of the Department of Animal Husbandry, said that the price of live pigs increased but only slightly, not as much as at the same time every year.

"I previously expected that demand would improve a lot during Tet, but the actual situation is not like that. Prices only increase slightly every day. Except for supply disruptions due to the pandemic, with the current situation, prices will hardly reach 60,000 VND/kg," said Mr. Trong.

However, there is unlikely to be a problem with the supply because according to the Department of Animal Husbandry, as of early January, the livestock situation of businesses and farms is still quite stable. With the current pig herd, it is basically enough to meet the consumption demand of the market from now until the Lunar New Year of Giap Thin.