The price of live hog will drop to 60,000 – 70,000 VND / kg in April

The price of live hog will drop to 60,000 – 70,000 VND / kg in April
The price of live hog will drop to 60,000 – 70,000 VND / kg in April
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The price of live pigs will drop to around VND 60,000 - VND 70,000 / kg in April - Photo 1.

People buy pork at the market of Hung Yen city. Photo: Pham Kien – VNA

According to Mr. Nguyen Xuan Duong, the supply has increased by promoting re-herd, good disease control in the country plus the increase in imported meat; Meanwhile, after Tet, the demand for food is not high, so the supply – demand meets the price of pigs will go down.

According to the Department of Animal Health, the aggregate data from the Border animal quarantine agencies under the Department, the number of meat and meat products of cattle and poultry imported from countries in January 2020 was over 10,100 tons.

Specifically, imported pork and pork products more than 4,500 tons, the import output tends to increase over the same period in 2019.

Buffalo and cow meat and meat products, imported more than 1,900 tons; poultry meat and poultry products of over 3,600 tons, sheep and goat meat more than 2 tons; These meat products are down compared to the same period in 2019.

In the market, after the Lunar New Year, due to the decline in consumer demand along with the entry of large-scale product suppliers, live hog prices have tended to decrease slightly. However, according to farmers and businesses, the price of pigs tends to decrease but is not stable.

According to the representative of C.P. Livestock Joint Stock Company. Vietnam (CP Group), after the meeting of the Steering Committee of price control held on January 31, the Company reduced the selling price of commercial pigs by VND 1,500 / kg, to VND 80,500 / kg, applied to all customers from 1/2.

Before 1/2, the Company sold pigs at 82,000 VND / kg; While in the market, the price fluctuated from VND 82,000 to VND 85,000 / kg.

The market price of pork has decreased slightly, but still at about 83,000 – 84,000 VND / kg. Thus, the company's pig price is always lower than the market price.

Supply of C.P. Livestock Joint Stock Company Vietnam is still steady with over 500,000 heads / day (equivalent to about 16,000-17,000 heads / day).

According to this company, after Tet, there will be no immediate price level, usually after the full moon or after January 20 of the lunar calendar to form a price level.

Compared to the same period last year, the output of pigs slaughtered by C.P. Livestock Joint Stock Company. Vietnam has increased by about 5%. In the coming time, the Company also continues to increase gradually, from now to the end of the year may increase from 5-10%.

“This is a plan to increase production already many years ago because when increasing the herd, farmers must invest in farms, sows and need a certain time to get more output.”, Representative of this business. said.

According to this enterprise, want to re-herd, usually takes from 1-1.5 years. Not every replay is instant product.

The price of live pigs will drop to around VND 60,000 - VND 70,000 / kg in April - Photo 2.

Fresh food stall, products made from pork are diverse at Co.op mart Quang Binh supermarket. Photo: Vo Dung-TTXVN

Farmers often re-herd and invest from the sow stage, then there is time to have a commercial product. Unless imported seed for commercial production, domestic supply can be increased immediately.

Regarding pork prices, according to Mr. Pham Quang Hien, Commercial Director of Meat Deli, said the company's price is still the same as before Tet.

Before Tet, the company also has a program to support consumers by offering 10% discount to customers. Currently the customer support program has ended. The price reduction of pork is currently not planned by the company.

“The price of meat in the market often fluctuates. The price of pork sold by the Company is usually built according to its products, it cannot be increased or decreased immediately, ”Mr. Pham Quang Hien said.

At Big C Thang Long Supermarket (Hanoi) on February 4, the price of Pork of Meat Deli is VND 214,900 / kg of bacon, boneless pork roll 199,900 VND / kg, lean thigh 168,900 VND / kg, lean filet 129,900 VND / kg, tenderloin ribs 239,900 VND / kg …

In the locality, Mr. Tran Quoc Toan, Khoai Chau, Hung Yen, a farm with a large scale of towels, said pork price is tending to decrease slightly due to less consumer demand after Tet as well as outbreaks of coronary respiratory infections, so consumers are less likely to go to the market.

Currently the price of live pigs in his area is about 80,000 VND / kg. However, he and many other large farms do not have pigs to sell because most sold before Tet for about 86,000 VND / kg.

At present, Mr. Toan has about 5,000 commercial pigs and sows, doubling compared to October 2019.

He has a number of herds that can be temporarily sold for sale but at his current price is not a good price so he has not sold them either.

According to Toan, if the price of pigs is too low, it will be difficult to encourage people to re-breed. Because the price of breeding pigs is about 2.6 million VND / pig (about 7kg). The cost of biosafety farming has also increased significantly. Farmers are profitable, but if the return on capital is too long, it is difficult to encourage them to re-grow, not to mention the risks in livestock raising are very high.



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