Tag Archives: live pig

Pork prices increase sharply, many livestock ‘big guys’ make big profits, profits increase tenfold

Supply cannot meet demand, pork prices increase and stay high, helping the ‘big guys’ in the livestock industry make a fortune. Some businesses have profits dozens of times higher than the same period last year. Mr. Nguyen Cong Bac – Director of Loc Phat BLLT Livestock Company (Son La) – said that recently, there were times when the price of live pigs jumped to 70 000 VND/kg, helping the company earn a profit of about 1.8 million VND/pig when selling. On that occasion, he sold about 1 000 pigs. In recent days, live pigs have dropped to 63 000 –..

The livestock industry enters a new cycle, it is expected that pig prices will remain high until 2025

According to representatives of large pig farming enterprises, the livestock industry is entering a new cycle with live pig prices expected to remain high until 2025. Currently, live pig prices across the country have reached their highest level since the beginning of 2023 to now. Shortage of domestic and imported supplies Since mid-March 2024, hog prices across the country have maintained a positive upward momentum and are currently reaching 65,000 VND per kg in many localities – the highest price since the beginning of 2023 until now, even recording received a price of 68,000 VND per kg in scattered places...