Raw pork prices today 9/11
*Live pig prices in the North:
This morning, North Korean pork prices continued to trend sideways. Currently, merchants in the region are purchasing in the range of 62.000 – 64.000 VND/kg.
Accordingly, the lowest price in the region is 62.000 VND/kg recorded in one province. Ninh Binh Dong Lao Cai. The rest of the region traded at 63.000 – 64.000 VND/kg.
*Central Region – Live Pig Prices in Central Highlands
Central Region-Central Plateau live pig market increased by 1.000-2.000 VND/kg in the province. Đắk Lắk, Khanh Hoa, Quang Nam, Binh Dinh and Lâm Đồng. Therefore, there is no region nationwide where it is traded below 60.000 VND/kg.
Currently, this area is trading with a difference of about 60.000 to 63.000 VND per kg. Among them, the level of 63.000 VND/kg appeared in Thanh Hoa and no.
*Price of wild boar in southern region
The southern region increased by 2.000VND/kg. Saddle increased by 1.000 VND per kg. Can Tho, reaches 63.000 VND/kg. This is currently the highest level in the region.
Even though they are together at the same price, the pigs are still there Binh Phuoc was sold for 61.000 VND per kg this morning. The remaining provinces and cities in the trade area have a difference of about 60.000-62.000VND/kg.
* Vietnam’s pork production in the overall pork status in the world by 2025?
According to the U.S. Department of Agriculture (USDA), if the ability to prevent African swine fever (ASF) improves, Vietnam’s pork production is expected to increase by 3% to 380,000 tons by expanding the scale of pig farming.
U.S. pork production is expected to increase by 2% to 12.9 million tons by 2025 due to an increase in the number of pigs slaughtered and the number of piglets per litter. Additionally, improved industry profitability and lower feed costs are expected to continue to support pig weight gains in 2024. U.S. pork exports are expected to increase by 25% in the third and fourth years, reaching 34,000 tons, due to abundant domestic supply and strong export price competitiveness.
Brazil’s pork production is expected to increase by 1.2% to 4.6 million tonnes, thanks to strong export demand and lower input costs.
The USDA, along with the EU and China, predicts a decline in pork production. In particular, EU pork production is expected to decline by 1.6% in 2025, reaching 20.9 million tonnes, due to falling pork prices.
Although China’s pork industry profits have improved in 2024, China’s pork production is expected to decrease by 2025% in 2025, reaching 55,500 tons. Reducing the number of sows in 2024 will reduce the number of pigs slaughtered in 2025. Additionally, pork demand in China is expected to remain weak due to economic instability and an upward trend in poultry meat consumption.
Global pork production is expected to decline by 0,8% to 115,1 million tonnes in 2025, as projected production declines in China and the EU outweigh increases in the US, Vietnam and Brazil.
