Lao Dong's survey shows that, after a few days of downward adjustment, on July 25, 2024, the average price of live pigs across the country is stable at 64,300 VND/kg. Among them, the Northern region has the highest price of live pigs, at 65,000-66,000 VND/kg. The highest live pig prices in the Northern region belong to the provinces: Hung Yen, Vinh Phuc, Thai Nguyen, Thai Binh. The remaining provinces sell it at a price of 65,000 VND/kg.
The Central region is the region with the lowest live pig price in the country, fluctuating around 62,000-64,000 VND/kg, of which the lowest live pig price is in Khanh Hoa (62,000 VND/kg), the highest in Thanh Hoa, Nghe An. An, Ha Tinh: 65,000 VND/kg. The remaining provinces sell it at a price of 63,000 VND/kg.
In the Southern region, live pig prices fluctuate around 63,000-66,000 VND/kg. Among them, the largest "livestock capital" in the country, Dong Nai, has the highest price of live pigs (66,000 VND/kg). Ho Chi Minh City and provinces: Lam Dong, Binh Duong, Tay Ninh, Long An, Ba Ria Vung Tau sold at 65,000 VND/kg; Live pig prices are lowest in the provinces: Tra Vinh, Ben Tre, Ninh Thuan, Can Tho, Bac Lieu (63,000 VND/kg), live pig prices in the remaining provinces are 64,000 VND/kg.
It is worth mentioning that, except for the price of live pigs in the three provinces of An Giang, Vinh Long, and Hau Giang, which decreased by 1,000 VND/kg, the price of live pigs on July 25, 2024 across the country went flat. With an average price across countries of 64,300 VND/kg, the price of live pigs has "cooled down" by about 5 prices compared to more than a month ago. However, the price of pork sold at local markets is still as high as a month ago.
Talking to Lao Dong reporter to explain why small businesses do not lower meat prices even though the price of live pigs has decreased, Mr. Nguyen Van Quang (pork business in Mai Dich, Cau Giay, Hanoi) said: The price of live pigs has decreased, But the price of hook meat at slaughterhouses and wholesale markets is still high, around 95,000-97,000 VND/kg.
“Currently, the epidemic in pig herds is quite complicated, so there are not many pigs on small-scale farms. CP's live pigs are sold at 68,000 VND/kg, so retailers cannot reduce prices to avoid losses" - Mr. Quang said.
Ms. Tran Thi Thu Ha (pork trader at Cua Dong market, Vinh, Nghe An) also said that normally, small businesses only adjust retail meat prices up/down if the price of live pigs fluctuates at a high level.
“If the price of live pigs increases/decreases by about 10,000 VND/kg, the price of pork at the market will be adjusted up/down accordingly. If below that level, pork prices will remain unchanged. Furthermore, it is better to keep meat prices stable rather than increasing or decreasing the same price every day, causing anxiety for consumers" - Ms. Ha said.
