Why has the market been sideways for the past several days?

Pig price in the North today October 7, 2024

In the Northern region, the price of live pigs today, October 7, 2024, remained stable compared to yesterday, trading in the range of 68,000 - 69,000 VND/kg.

Specifically, the market price of live pigs in the North is stable in Thai Nguyen and Bac Giang at 69,000 VND/kg, the same price as in Hai Duong, Hung Yen, Thai Binh and Hanoi. This is also the highest price in the country.

The remaining provinces such as Yen Bai , Phu Tho, Vinh Phuc, Ninh Binh, Nam Dinh..., traded at 68,000 VND/kg.

Pig price today in the North October 7, 2024.

Latest live pig prices in the Central Highlands region

The Central Highlands region has the same trend as the Northern region, at around 64,000 - 68,000 VND/kg in this morning's session.

Thanh Hoa traders are buying live pigs at 68,000 VND/kg, the highest price in the region.

Pig price in the Central Highlands region on October 7, 2024.

The market for live pigs in the South today also moved sideways and remained stable following the general trend. Currently, the purchase price in localities in the region does not have much difference, fluctuating from 64,000 - 66,000 VND/kg.

Accordingly, Binh Duong, Tay Ninh, Ba Ria - Vung Tau, Long An and Dong Thap are the provinces with live pig prices reaching 66,000 VND/kg, the highest in the region.

Pig price today in the South on October 7, 2024.

In general, the live hog market today continues to extend the sideways trend from last weekend. According to a survey, the price of live hogs in localities is fluctuating between 64,000 - 69,000 VND/kg.

The current price of live pigs is stable, without major fluctuations, creating favorable conditions for farms and traders in buying and selling. However, high prices in some localities show that consumption demand has increased while supply has not changed significantly.

According to experts, the price of live pigs is likely to remain stable in the coming time. However, fluctuations may occur, especially in the last months of the year when the demand for food consumption increases, especially during the holidays.

To cope with the market situation, businesses and farms need to focus on optimizing production, ensuring stable supply and avoiding shortages of goods at the end of the year.

Source: https://congthuong.vn/gia-heo-hoi-hom-nay-7102024-tai-sao-thi-truong-di-ngang-suot-nhieu-ngay-qua-350653.html