(PLO)- Recently, some foreign-invested livestock companies launched a promotion of 1,500 VND/kg of live hog, but after this program ended, the price of live hog rose to 62,500 VND/kg.
On July 2, Mr. Nguyen Kim Doan, Vice Chairman of Dong Nai Livestock Association said that recently, a number of foreign-invested livestock companies (leading the market) launched a promotion of 1,500 VND / year. kg of live pigs. However, after this program ended, the price of live hog rose to VND 62,500/kg.
Normally, when buying goods, traders will buy live pigs at farms with higher prices than those offered by these companies.
However, because the market’s consumption is not much, traders buy live pigs below the prices of listed companies. Therefore, now in Dong Nai, the price of live hog is popular from 59,000-61,000 VND/kg.
According to the Ho Chi Minh City Statistics Office, in June the consumer price index for pork and poultry increased. Photo: TU UYEN
“Besides, due to market demand, some traders “recruit” pigs of type 1, weighing 110-115kg, with good butt and shoulders, not much fat… for 64,000 VND/kg. Because it is a “recruited” pig, it has a high price, not the current common price level “- Mr. Doan said.
According to Mr. Doan, last May, the price of live pigs was only about 50,000 VND/kg or less, many farmers lost money and did not dare to re-herd or reduce their barns. Up to now, the price of live pigs has increased to 58,000-61,000 VND/kg, just enough to cover the costs for households who still have herds.
He said that before 2019, foreign-invested livestock companies all brought pigs to the Hoc Mon wholesale market with the number of 7,000-8000 heads/day, sometimes even up to 10,000 heads.
But from 2019 to now, companies have closed production chains and have their own distribution stores. Therefore, the average amount of pigs supplied from Dong Nai to Hoc Mon wholesale market is about 4,000 heads/day. Currently, although the price of live hog has increased, consumption is still not high.
Sharing about the situation of the pork market, a representative of Vissan said that in the first six months of 2023, this business only achieved a revenue of 1,750 billion dong, equaling 43% of the year plan, down 7% over the same period. Profit reached 75 billion dong, equaling 41% of the plan, down 8% compared to the same period last year.
“With the current market purchasing power situation, the company is expected to find it difficult to complete the annual plan and it is forecasted that the difficulties will continue until the end of the first quarter of 2024,” a representative of Vissan said.
On July 2, recorded at some markets in Ho Chi Minh City, the price of bacon was 160,000 VND/kg, the price of pork belly was 170,000 VND/kg, lean pork was 130,000 VND/kg…
According to the Ho Chi Minh City Statistics Office, in June, the consumer price index of the food group increased by 0.37%, of which the price of pork increased by 1.05%, eggs of all kinds increased by 1.38%; prices of fresh, dried and processed vegetables increased by 1.23%, caused by rainy weather and reduced supply.
Will piggy bank establish a new price level?
(PLO)- According to the Dong Nai Breeding Association, if the price of live pigs is set at a new price of 59,000-60,000 VND/kg, farmers will boldly re-herd, without worrying about shortage of supply.