In the northern region, pig prices declined by VND1,000 per kilo to VND49,000 per kilo on November 30.
Pig prices in the central and Central Highlands regions range between VND48,000 and 49,000 per kilo. The highest pig price in the southern region is around VND52,000 per kilo.
Pig prices in Vietnam have been falling despite the year-end holiday season approaching
According to Nguyen Kim Doan, deputy head of the Dong Nai Provincial Husbandry Association, with the current prices, pig breeders are suffering losses of VND5,000 per kilo.
Doan blamed the price fall on weak demand and abundant supply. This is also in the context of African swine fever spreading in many localities, as more pigs are being sold to avoid being affected by the disease.
Over the recent months, roughly 1,200 pigs have sold at Binh Luc District wholesale market in the northern province of Ha Nam, up 200 against previously.
Normally, pig prices tend to increase towards the end of the year because of higher demand. But this year, it is different as pig prices have decreased.
The Ministry of Agriculture and Rural Development and the Ministry of Industry and Trade will closely cooperate to supervise the supply and demand of pork to ensure market stability.
From now until the Tet Lunar New Year 2024, localities also need to tighten control over pig and poultry transportation in border areas to detect illegal trading.