Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
MARKET

May 26, 2017

Vietnam live hog prices continue sharp fall in April

An eFeedLink Exclusive
 

Price summary

Live hog prices continued their sharp fall from March.
 

Procurement price of live hog over 80kg (Expressed in VND 1,000/kg)

 

W1

W2

W3

W4

Dong Nai

30,000

30,000

28,000

26,000

Binh Duong

30,000

30,000

27,000

25,000

Can Tho

31,000

31,000

30,000

27,000

HCM

30,000

30,000

30,000

29,000

Hanoi

30,000

30,000

29,000

29,500

(VND1,000 = US$0.044 as of April)

 
 
Market analysis

Live hog prices had been on the decline in the first quarter of 2017 and continued their downtrend into April, leading to a big loss for Vietnam's livestock industry. Farmers have been trying to reduce or at least maintain their production levels. According to data from the General Statistics Office, herd size in the country was reduced by 0.2% compared to the same period last year. Due to adequate supply, prices of live hogs in Dong Nai, Binh Duong and Can Tho dropped by the range of VND2,000 (US$0.088) to VND3,000 (US$0.13) per kilogram in the last week of April.

The Ministry of Agriculture & Rural Development had alerted farmers not to expand their herds. In addition, the government is attempting to reduce feed prices.
 
 
Market forecast
 
According to the Department of Livestock, supply of domestic pork has exceeded its demand. This has been largely due to sectorial exports going to China. Prices have been unstable and farmers are suffering big losses. To resolve this situation, the Ministry of Agriculture & Rural Development has been actively sending delegations to negotiate with the Chinese side. The two sides had generally agreed on the export quota of main food items, including pork and milk from Vietnam. Following the sorting out of legal requirements on both sides, specific export quantities would be agreed upon, before the items are officially exported to China.
 


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.

Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read