Pig price today, August 7: Fluctuation range starts to increase from 1,000-2,000 VND; US pork output is forecast to increase by 3.1%. (Source: Guta food)

Pig price today 7/8

*Pig price in the Northern region

In the Northern market, the purchase price has not recorded any new changes.

Of which, the highest transaction price of 66,000 VND/kg continues to be present in Bac Giang, Phu Tho and Hung Yen.

Except for Lao Cai and Ninh Binh, which are anchored at a low price of VND 64,000/kg, the remaining provinces and cities maintain stable transactions at VND 65,000/kg.

Today's live pig price in the North is around 64,000 - 66,000 VND/kg.

*Pig price in the Central market

According to records, pork prices in the Central and Central Highlands regions remained stable.

Specifically, live pigs in Quang Tri, Binh Dinh and Khanh Hoa are being purchased at the lowest price of 61,000 VND/kg.

Live pig trading prices in the remaining provinces remained stable at around 62,000 - 64,000 VND/kg, depending on the region.

Currently, the price of live pigs in the Central and Central Highlands regions is around 61,000 - 64,000 VND/kg.

*Price of live pigs in the Southern market

Live pig trading prices in the Southern region also remained stable following the general market trend.

Specifically, Dong Thap, Vinh Long and Bac Lieu provinces are trading live pigs at 62,000 VND/kg.

Higher at 63,000 VND/kg is the purchase price recorded in Can Tho, Tra Vinh and Ben Tre.

Traders in the remaining provinces and cities continue to trade live pigs at 64,000 - 65,000 VND/kg.

In the Southern region today, the purchase price fluctuates between 62,000 - 65,000 VND/kg.

* Brazil, Russia, Canada, Germany and the US are the five largest pork suppliers to Vietnam in the second quarter of 2024. Of which, Brazil is the largest market with 10,500 tons, worth 23.33 million USD, up 72.7% in volume and 60.9% in value over the same period in 2023.

Despite large imports, domestic supply is not lacking. Vietnam ranks 6th in the world in pork production with an output of more than 2.7 million tons in 2023.

On the other hand, in the second quarter of 2024, Vietnam exported 6,190 tons of meat and meat products, worth 25.95 million USD, up 36.3% in volume and 8.8% in value over the same period in 2023.

Vietnam's meat and meat products are exported the most to the Hong Kong market (China) with 2,570 tons, worth 14.65 million USD, accounting for 41.59% in volume and 56.46% in value.

In the second quarter of 2024, the domestic meat market will not have major fluctuations, and supply will always meet consumer demand. Vietnam's pig herd is likely to increase again as household farming shifts strongly to semi-industrial farming and links with businesses.

However, African swine fever is still complicated in many localities, causing unstable livestock farming, especially in the household sector. Pork prices tend to decrease again from the end of the second quarter of 2024 due to low consumption demand.