Live hog prices fell sharply, but pork prices at markets were still high

Recently, the price of live pigs for slaughter in localities has decreased sharply, from 5,000 – 7,000 VND/kg compared to the previous month. However, the price of pork in markets and supermarkets is still high, some places have decreased but not significantly.

Processing pork products at Vinh Anh Food Technology Joint Stock Company, Thuong Tin district (Hanoi). According to Anova Feed Joint Stock Company, on May 24, in the North, the price of live pigs in the whole region ranged from 64,000 to 71,000 VND/kg. In the central region, also recorded from 67,000 to 72,000 VND/kg. In the South, the transaction remained in the range of 67,000 – 69,000 VND/kg. A pig farm owner in Thanh Ba – Phu Tho said that the price of live pigs in the area tends to decrease, currently at about 69,000 VND/kg for grade 1 pigs. If pigs are raised by the people themselves, the price is only from 64,000 to 64,000 VND. 66,000 VND/kg and commented that hog prices may continue to go down due to the slow consumption situation due to the COVID-19 epidemic. While the price of live hog tends to decrease sharply, the price of meat on the market in Hanoi is still quite high. According to the owner of a pork shop in the market in Yen Hoa ward, Cau Giay, Hanoi, the price of delicious pork is currently ranging from 130,000 to 150,000 VND/kg. Specifically, the price of delicious ribs is 150,000 VND / kg, lean shoulder meat is from 140,000 -150,000 VND / kg, pork butt is 130,000 VND / kg, pork leg meat is 140,000 VND / kg… last month. At the supermarket, the price of pork has decreased but is still at a high level of 116,000 – 155,000 VND/kg, even young ribs are still at 200,000 VND/kg. Specifically, lean butt meat is 120,000 VND/kg, lean thigh is 142,000 VND/kg, shoulder lean is 155,000 VND/kg, lean ground is 149,000 VND/kg, shoulder is 116,000 VND/kg…