0
Price developments of input materials in the first quarter of 2024
The price of 6-9 kg piglets ranged from 1.3-1.5 million VND/head (pigs raised by farmers) and 1.4-1.7 million VND/head (company pigs) in March. This price increased by 50 - 100 thousand VND/head compared to last month and increased by 200 - 500 thousand VND/head compared to the same period last year.
The price of compound feed for finishing pigs was 12,382 VND/kg (down about 0.1% compared to February 2024).
Prices of some main animal feed ingredients increased insignificantly as of March 2024:
| Raw material/feed | Mar 2023 | Feb 2024 | Mar 2024 |
|---|---|---|---|
| Corn | 8.500 | 6.956 | 6.866 |
| Soybean meal | 14.400 | 14.068 | 14.158 |
| Extracted rice bran | 5.780 | 5.915 | 5.945 |
| DDGS | 9.660 | 8.207 | 8.259 |
| Finisher compound feed | 12.340 | 12.395 | 12.382 |
Price of live-weight pigs
From the beginning of 2024 until now, the price of live pigs has increased by about 10,000 VND/kg and continued to increase slightly in the last days of March and is at 58-62,000 VND/kg depending on the province.
Vietnam's live pig price at the end of March and early April 2024 is about 10,000 VND/kg higher than China's.
Comparing the average price of live pigs in the first quarter of the past 3 years shows that the average price in the first quarter of 2024 is nearly 5,000 VND/kg higher (up 9.7%) compared to the same period in 2023.
With the production cost Currently appearing to range from 45 - 50,000 VND/kg, the current product selling price in the first quarter of 2024 will make pig farmers profitable.
April 8, 2024/ Ministry of Agriculture and Rural Development - Department of Livestock/ Vietnam.
http://cucchannuoi.gov.vn/trang-chu
