Procurement price of live hog over 80kg (Expressed in VND 1,000/kg)
	W1	W2	W3	W4
Dong Nai	46,000	45,000	45,000	47,000
Binh Duong	44,000	45,000	47,000	46,000
Can Tho	46,000	46,000	47,000	47,000
HCM	47,000	47,000	46,000	46,000
Hanoi	47,000	48,000	47,000	47,000
(VND1,000 = US$0.0045 as of May)

 

Market analysis
 

Live hog prices saw an overall rise in May. In the north, prices ranged from VND 47,000 (US$2.06) to VND 49,000 (US$2.14) per kilogram, up VND 10,000 (US$0.44) to VND 12,000 (US$0.53) compared to last month. Prices were about VND 49,000 (US$2.14) per kilo in Lao Cai and VND 48,000 (US$2.10) per kilo in Ninh Binh. In Tuyen Quang, prices were VND 47,000 (US$2.06) per kilo, up VND10,000 (US$0.44). In Hanoi, prices stayed at about VND 47,000 (US$2.06) per kilo. 

 

In the south, prices also rose. It was VND 44,000 (US$1.93) per kilo in Tay Ninh and VND 47,000 (US$2.06) per kilo in Can Tho, up VND 10,000 (US$0.44) compared to last month. In Bac lieu, prices were VND 45,000 (US$ 1.97) per kilo, up VND 8,000 (US$0.35).

 

Generally, prices were up about 35-36% compared to January 2018 and 200% compared to the same period last year due to the continued shortfall in supply. According to data from the general statistics office, the herd size across the country was down 5.8% year-on-year.

 

 

 

Live hog prices are expected to reduce in the third quarter of 2018. Slaughter meat is expected to hit 2.78 million tonnes in 2018, an increase of 74,000 tonnes, up 2.74% compared to 2017.