Safety from the source

A number of large livestock companies in our country have just announced huge profits. The companies with the highest profits compared to the previous year saw increases ranging from 5 to 30 times. Notably, a subsidiary of a steel group in the livestock sector also reported high profits. Meanwhile, livestock farming only accounts for 5% of this group's revenue structure.

- Why did their profits skyrocket? Not long ago, when pork prices plummeted, they were complaining, weren't they?

- If pork prices improve, the business results will be immediately different. Besides pork, these businesses also generate revenue and profits from chicken eggs, beef, animal feed, etc. But the decisive factor is their deep investment in modern technology on a large scale.

- In the same market, with consumption demand similar to last year, if one side grows bigger, the other side shrinks. Does this mean the market share of small-scale livestock farmers is shrinking?

- Small-scale farmers find it very difficult to compete. Currently, most farm-scale livestock farmers are raising animals under contract for large enterprises. The market for livestock products in our country is currently worth approximately $33 billion. Only large-scale enterprises have the capacity to meet the increasingly high safety standards of consumers. Modern technology will ensure safe products from the source.

TU QUEO

Source: https://www.sggp.org.vn/an-toan-tu-goc-post795268.html