Live price on Vietnamese pigs increases as the country resume exports to China
An increase in prices is expected to take place this year considers Jirawit Rachatanan, vice president of CP Vietnam. At this moment, the average price of live weight pig in the North of Vietnam is 34.000 Vnd/kg (USD 1.49) with the range in price 33.000 – 36.000 Vnd/kg (USD 1.45 – 1.58) and the range in price in the South of Vietnam 28.000 – 33.000 Vnd/kg (USD 1.23 – 1.45), informs Genesus in a global market report.
All feed mill companies are reporting reduced tonnage of pig feed sold indicating the reduction of pigs in the system with 5.7%. The situation has improved as the Vietnamese producers started to export pigs in China again and the domestic consumption is on the rise.
Companies in Binh Duong province are reporting that the pig population now is balanced for the domestic market and predicting the supply of pigs to be stable, said the Genesus report.
(Photo source: Wikipedia)
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