Selling one pig yields a profit of nearly 1.3 million VND, imported meat is surprisingly cheap.

With the current price of live pigs at 64,200 VND/kg, a farm raising 200 or more pigs would earn a profit of approximately 12,700 VND/kg of live pig. If the pigs reach a weight of 100kg at slaughter, the farmer would earn a profit of 1.27 million VND per pig.

Pig farming currently making a pretty high profit.

According to the report on the current state of pig farming and sustainable development solutions in the new context by the Department of Animal Husbandry (Ministry of Agriculture and Rural Development), in 2023, the total amount live pigs The number of pigs sent to market increased to 52.9 million, and the production of live pig meat reached over 4.8 million tons.

The total number of pigs nationwide as of the end of June this year is estimated at nearly 25.55 million, an increase of approximately 2.9% compared to the same period last year. Pork production reached nearly 2.54 million tons, an increase of 5.1% compared to the same period in 2023.

Regarding the price of live pigs at the farm gate, the report also clearly indicates significant fluctuations in recent years.

Specifically, in January 2021, live pig prices surged and peaked at 80,000 VND/kg, then dropped sharply to 42,900 VND/kg. By November 2021, prices resumed their upward trend, reaching 54,000-57,000 VND/kg by June 2022.

From July to September 2022, the price of live pigs fluctuated between 61,000 and 68,000 VND/kg, with some places reaching 73,000 VND/kg, but then gradually decreased.

The cost of producing live pigs in Vietnam is currently only 51,500 VND/kg. Photo: Industry and Trade Magazine.

In the first few months of 2023, live pig prices dropped to 50,000-52,000 VND/kg, and in some places even hit a low of 49,000 VND/kg - a level that caused many farmers to suffer losses because the price of animal feed increased and remained high.

It wasn't until May 2023 that the average price reached 55,300 VND/kg, and it increased to 59,000 VND/kg in June 2023.

According to the Department of Animal Husbandry, the fact that farmers had to sell live pigs at prices lower than the production cost from January to May 2023 had a strong impact on the growth rate of the country's pig herd.

In the second half of 2023, live pig prices continued to be volatile. The highest price recorded was 63,000 VND/kg in June, while the lowest was 49,000 VND/kg in December.

In the first six months of this year, live pig prices recovered, rising from 52,500 VND/kg to 68,500 VND/kg. In some localities, prices even exceeded 70,000 VND/kg on certain days.

Notably, since March 2023, animal feed prices have started to trend downwards, leading to a decrease in pig farming costs. Combined with the increase in live pig prices since February of this year, farmers are reaping significant profits after a long period of heavy losses.

The Department of Animal Husbandry estimates that in a livestock farm with a scale of 200 animals or more, this applies to farms with a scale of 200 animals or more. pork or higher, The cost of producing live pigs is approximately 51,500 VND/kg , including expenses such as electricity, asset depreciation, management and labor costs, veterinary medicine and vaccines, feed, depreciation of the pig until slaughter, and breeding pigs.

The selling price of live pigs on August 7th was 64,200 VND/kg. After deducting costs, farmers earned a profit of approximately 12,700 VND/kg of live pig. Pigs ready for slaughter weigh 100kg, meaning farmers will earn a profit of 1.27 million VND per pig.

Share with According to PV.VietNamNet , 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 soared to 70,000 VND/kg, helping his company make a profit of about 1.8 million VND per pig when sold. During that period, he sold about 1,000 pigs.

In recent days, live pig prices have dropped to 63,000-65,000 VND/kg. At this price, the company's pig farms are still achieving a profit margin of 18-20%.

Mr. Nguyen Nhu So - Chairman of the Board of Directors of Dabaco - previously calculated that the production cost of live pigs is only 48,000-51,000 VND/kg. This means that with the current selling price, the company is making a fairly high profit.

According to the report for the first six months of 2024, Dabaco recorded net revenue increasing by nearly 11.3% compared to the same period last year, reaching VND 6,437 billion. After-tax profit increased from VND 6 billion in the same period last year to over VND 218 billion, equivalent to an increase of more than 36 times.

Imported pork is brought in and sold at extremely low prices. Photo: TL.

Imported pork is very cheap.

Besides publicly disclosing the cost of producing live pigs, the report from the Department of Animal Husbandry also indicates that imported pork is very cheap in Vietnam.

According to statistics from the General Department of Customs, in 2023, Vietnam imported 716,890 tons of meat and meat products, worth US$1.43 billion. Among the various product categories... Imported meat, fresh or frozen pork, accounts for the majority.

In the first half of this year, Vietnam spent $860.9 million importing various types of meat. Compared to the same period last year, imports of this item increased sharply by 33.6% in volume and 24.6% in value. Pork imports alone reached over 128,700 tons, valued at over $203 million.

Russia, Brazil, Germany, Canada, the United States, Spain, Poland… are the main sources of pork for Vietnam.

Notably, the price of live pigs in these countries is quite low. Specifically, in Russia, Brazil, and Canada, the price is only 34,100-34,200 VND/kg; in the US, it is 38,400 VND/kg… Therefore, the average price of imported pork is only 52,000-55,000 VND/kg, cheaper than even the price of domestically produced live pigs.

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