Price of live pigs declines in Vietnam

17.11.2016

Live pig price in Ho Chi Minh City and Dong Nai province is expected to drop to USD 1.61/kg this month, down by USD 0.2/kg from October, and about 23% lower than the highest price reached in April and May this year when Chinese pig-buying activities reached its peak.

At the time, many Vietnamese pig producers expanded production, but after Chinese traders stopped buying, producers are now faced with an oversupply, said Nguyen Kim Doan, Vice Chairman of Dong Nai Animal Husbandry Association.

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