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August 1, 2017
 
Vietnam live hog prices rise in June
 
An eFeedLink Exclusive
 
 
Price summary
 
Live hog prices rose in June.
 

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

 

W1

W2

W3

W4

Dong Nai

24000.00

24500.00

24000.00

26000.00

Binh Duong

24000.00

24000.00

25000.00

25000.00

Can Tho

22000.00

23000.00

23500.00

23500.00

HCM

25000.00

25500.00

26000.00

26500.00

Hanoi

20000.00

21000.00

21500.00

22000.00

(VND1,000 = US$0.045 as of June)

 
 
Market analysis
 
In the first two weeks of June, the Vietnamese authorities had organised points-of-sales at markets and industrial zones. Currently, there are about 500,000 pigs in stock in Tien Giang and 350,000 pigs in Vinh Long. The prices ranged from VND24,000 (US$1.06) to VND25,000 (US$1.10) per kilogram. In An Giang, prices rose from VND25,000 (US$1.10) to VND26,000 (US$1.14) per kilogram. In Bac Lieu, the rise was from VND22,000 (US$0.97) to VND26,000 (US$1.14) per kilogram. In Dong Nai, there are about 215,000 pigs in stock, following the sale of 85,000 head after a "pig rescue campaign". Prices rose from VND24,000 (US$1.06) to VND24,500 (US$1.08) per kilogram. Even with these price rises, farmers made losses.
 
In the last two weeks of the month, hog prices continued to rise in Dong Nai, Ho Chi Minh and Hanoi.
 
According to the data from the General Statistics Office, Vietnam imported US$1.55 million of pork in May 2017, up US$0.58 million from April. For exports, the value of pork hit US$6.57 million, up 22.61% (equivalent to US$1.21 million) compared to April 2017. Hong Kong was the biggest importer in May, occupying an 88.24% market share with a value of US$5.8 million.
 

Market forecast
 
The market is expected to stabilise in the next few months with supply being sufficient. There is optimism from recent Sino-Vietnamese cooperation on pig import issues.
 


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