Live pig prices on November 25, 2024: Mixed increase and decrease

Live pig prices on November 25 in the North

The live pig market in the North has slightly decreased compared to yesterday.

Accordingly, the live pig prices in Hung Yen, Hai Duong, and Hanoi is trading at VND 62,000/kg, after a VND 1,000 drop.

With the same decrease, traders in Yen Bai, Nam Dinh, and Ha Nam are purchasing at VND 61,000/kg.

Prices in other regions remain unchanged.

Thus, the live pig prices in the North on November 25, 2024, are trading at VND 61,000 - 63,000/kg.

Live pig prices on November 25 in the Central and Central Highlands

The live pig market in the Central and Central Highlands regions has decreased slightly in some areas compared to yesterday.

Specifically, the price of pigs in Dak Lak has dropped to VND 59,000/kg, the lowest in the country, after a VND 1,000 decrease.

Similarly, traders in Quang Binh and Binh Dinh are purchasing at VND 60,000/kg.

Other regions continue to trade at the same price as yesterday.

Thus, the live pig prices in the Central and Central Highlands on November 25, 2024, are being purchased around VND 59,000 - 61,000/kg.

Live pig prices on November 25 in the South

The live pig market in the South has shown a slight increase compared to yesterday.

Specifically, the price of pigs in Bac Lieu and Soc Trang both increased by VND 1,000, reaching VND 62,000 and VND 63,000/kg, respectively.

Other regions have no new price changes.

Thus, the live pig prices in the South on November 25, 2024, are trading within the range of VND 61,000 - 63,000/kg.

Vietnam’s meat and meat product exports are forecasted to increase.

In Q3 2024, Vietnam exported 5.3 thousand tons of meat and meat products, valued at $ 24.85 million; down 8.4% in volume and 12.4% in value compared to the same period last year.

The main types of meat and meat products exported include fresh, chilled, or frozen pork, and edible offal from poultry, fresh, chilled, or frozen.

The Ministry of Industry and Trade forecasts that Vietnam’s meat and meat product exports will grow in the coming period. The main export items will still be frozen piglets, frozen pork, frozen chicken feet, frozen frog meat, etc.

In addition, Vietnam's meat supply is expected to meet domestic consumption demand, so imports of meat and meat products are not forecast to increase sharply. The imported meat and meat products will mainly consist of poultry meat and edible offal; fresh or frozen buffalo, beef, and pork; and edible offal from pork, buffalo, and beef.

$ 1 = VND 25.167 - Source: Vietcombank.