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Live pig prices drop significantly

Live pig prices drop significantly

A farmer feeds his pigs in Bac Ninh Province. Live pig prices have dropped 6-8% thanks to higher supply and lower demand – PHOTO: VNA

HCMC – Live pig prices over the past few days have dropped 6-8% compared with early May thanks to the surge in live pig supply as well as lower pork demand.

In northern Vietnam, the prices of live pigs on May 10 were VND66,000-69,000 per kilo, falling 6-7% compared with early this month. Lao Cai and Phu Tho provinces saw the steepest declines in the prices of live pigs, which fell to VND66,000-67,000 per kilo. Live pig prices in Bac Giang, Yen Bai, Nam Dinh and Ha Nam provinces have dropped to VND69,000 per kilo.

In central Vietnam, live pig prices have fallen 4% from last week to VND70,000-72,000 per kilo. In the south, live pig prices have fallen to VND76,000 per kilo from VND80,000 per kilo last week. In some southern regions, live pig prices have even dropped to VND70,000 per kilo.

Long, a live pig trader in the Mekong Delta province of Long An, said thanks to the surge in live pig supply, the price of live pigs of high quality in the province is now VND71,000 per kilo, while that of live pigs of a lower grade is VND70,000 per kilo, declining by VND2,000 per kilo compared with last week.

According to Thanh, a live pig trader in the southern province of Binh Phuoc, live pigs in the province are currently priced at VND70,000 per kilo and he can purchase up to 100 live pigs a day. However, due to the declining demand for pork, he only purchases some 30 live pigs a day.

A report of the Department of Agriculture and Rural Development of An Giang Province showed that the prices of live pigs in the province range between VND70,000 and VND74,000 per kilo, a 5% drop from early this month.

In HCMC’s Hoc Mon wholesale market, live pigs are sold for VND75,000-78,000 per kilo.

As a result, pork prices have also declined. In some wet markets in HCMC, the prices of the pork side, ham and pork leg are VND150,000, VND110,000 and VND100,000-120,000 per kilo, respectively, falling VND10,000 per kilo from last week.

Hoa, owner of a meat stall on Pham Van Chieu Street, Go Vap District, HCMC, said although pork prices have dropped sharply, pork demand remains low. She is now selling 30 kilos of pork a day, 10 kilos lower than last week.

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