eFeedLink - Vietnam live hog prices on downtrend in October

Market Reports

November 30, 2018

Vietnam live hog prices on downtrend in October

An eFeedLink Exclusive

Price summary

Live hog prices were down across the board in October.

Procurement price of live hog over 80kg (Expressed in VND 1,000/kg)
	W1	W2	W3	W4
Dong Nai	50,000	50,000	49,000	48,000
Binh Duong	49,000	48,000	48,000	48,000
Can Tho	49,000	49,000	47,000	47,000
HCM	49,000	50,000	48,000	48,000
Hanoi	50,000	47,000	47,000	45,000
(VND1,000 = US$0.0043 as of October)

Market analysis

In October 2018, in the north, live hog prices were down by VND4,000 (US$0.17) to VND7,000 (US$0.30) per kilogram to range from VND45,000 (US$1.95) to VND50,000 (US$2.17). In the south, prices decreased by about VND1,000 (US$0.043) per kilogram to range from VND51,000 (US$2.21) to VND53,000 (US$2.30).

According to data from the General Statistics Office, the pig herd size across the country rose 2.1%. Pork output was estimated to increase 2.8%, equivalent to 834,200 tonnes.

Based on a report from the Ministry of Agriculture and Rural Development, the value of food products from swine hit US$31.99, down 51.4% compared to the same period of 2017.

Market forecast

According to customs data, live hog prices in the next few months would remain at a relatively high level due to the influence of African swine fever. However, in the short term, live hog prices would be continuously down to the range of VND40,000 (US$1.73) to VND45,000 (US$1.95) per kilogram.