Illustrative photo of pig price today, August 9. (Source: Women)

Pig price today 9/8

*Pig price in the Northern region

In the Northern market, the purchase price has no new fluctuations compared to yesterday.

Of which, the lowest transaction price is 64,000 VND/kg, continuing to be present in Lao Cai and Ninh Binh.

Traders in the remaining provinces continue to purchase at prices ranging from 65,000 - 66,000 VND/kg, depending on the region.

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 decreased by VND 1,000/kg in Binh Thuan province, to VND 62,000/kg.

Live pigs in the remaining provinces continue to be purchased at unchanged prices.

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

On the morning of August 7, Nghi Xuan district directed functional forces to destroy the infected pigs according to regulations. At the same time, they guided a family to organize disinfection to prevent the disease from spreading, reported the Health and Life newspaper .

Nghi Xuan District People's Committee also requested Xuan Yen commune to urgently set up quarantine checkpoints. During the epidemic, temporarily stop buying, selling, and transporting pigs and pig products in and out of the epidemic area. Mobilize forces, materials, and means to immediately implement isolation, monitoring, control, and epidemic prevention measures according to regulations. Regularly report on African swine fever (ASF) prevention and control to superiors for timely response.

Mr. Pham Trung Thanh, Chairman of Xuan Yen Commune People's Committee, said that after determining that the family's pigs were positive for ASF, the locality set up 3 checkpoints to strictly control trading, transportation, and slaughtering of pigs in the epidemic area and related areas. At the same time, lime powder was sprinkled and disinfectant sprayed on the roads leading to and from the epidemic area.

*Price of live pigs in the Southern market

Live pig trading prices in the Southern region decreased slightly in some places.

Specifically, the provinces of Binh Phuoc, Dong Nai, Binh Duong, An Giang and Tien Giang reduced by 1,000 VND/kg to a common level of 63,000 VND/kg.

Live pig trading prices in the remaining provinces and cities remain stable.

In the Southern region today, the purchase price fluctuates between 61,000 - 64,000 VND/kg.

In the remaining provinces, it continues to be purchased at unchanged prices.

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

* Livestock business group reported profits of several times

Vietnam's pig herd is on the rise again as household farming shifts to semi-industrial farming and links with businesses. However, ASF is still complicated in many localities, making the livestock situation unstable, especially in the household sector.

In that context, most livestock enterprises recorded growth thanks to stable meat prices in the first half of 2024.

Standing out in the overall picture of the livestock industry are the business results from Dabaco and BAF with triple-digit profit growth in the first half of 2024 thanks to a sharp increase in pig sales.

Specifically, in the second quarter of 2024, BAF Vietnam Agricultural Joint Stock Company (HoSE: BAF) recorded net revenue of VND 1,225 billion, down 23%. However, thanks to a sharp decrease in cost of goods sold of more than 30%, the company's gross profit in the period increased by 89% to VND 174 billion.

After tax, Mr. Truong Sy Ba's business achieved significant profit growth, 4 times higher than the same period to 34 billion VND.