Pork prices continue to fall rapidly; World's largest pig farming group estimates $1.4 billion profit in first 9 months of the year

In general, the live hog market nationwide is still on a rapid decline, currently fluctuating between 58,000 - 63,000 VND/kg.

Pig price today October 26: Pig price fluctuates between 58,000 - 63,000 VND/kg. (Source: Dien may xanh)

Pig price today October 26:

* Pig price in the Northern region

According to a survey on the morning of October 26, the price of live pigs in the Northern region dropped in Lao Cai , Tuyen Quang, Phu Tho and Ninh Binh provinces.

Accordingly, Lao Cai and Ninh Binh provinces are trading at 61,000 VND/kg, the lowest in the region. The price of live pigs in the remaining localities fluctuates from 62,000 - 63,000 VND/kg.

* Pig price in the Central Highlands region

The Central Highlands region recorded a decrease in Quang Binh, Quang Nam and Binh Thuan .

Currently, provinces in the region buy and sell live pigs at around 58,000 - 61,000 VND/kg, with Dak Lak being the only province with a price of 58,000 VND/kg, which is also the lowest in the country.

* Pig price in the Southern region

The Southern market also adjusted downward in many localities, with purchase prices ranging from 59,000 - 62,000 VND/kg.

Of which, Ba Ria - Vung Tau, Dong Thap, Soc Trang, Ca Mau and Can Tho are the localities that still maintain the highest transaction price in the region, reaching 62,000 VND/kg. On the other hand, Ben Tre is the only province that records the price of 59,000 VND/kg, the lowest in the region.

*The world's largest pig farming group estimates a profit of 1.4 billion USD in the first 9 months of the year.

In the world pig farming industry, Muyuan is a name that carries many meanings. Starting out as a small farm in 1992, Muyuan really exploded after receiving investment from the International Finance Corporation (IFC) in 2010. Since 2021, it has continuously maintained its position as the world's leading livestock group, even the largest "mega producer" in the world according to the World Mega Producer 2024 list. The farm owner at that time, Qin Yinglin, has also become a billionaire, with a net worth of more than 17.4 billion USD according to Forbes.

Muyuan owns a herd of 60 million pigs and a slaughter capacity of about 13 million pigs/year (2023 data).

Notably, in mid-September 2024, Muyuan Livestock - Food Group (Muyuan Foods) appeared for the first time in Vietnam, through a strategic cooperation contract with BAF Vietnam Agriculture Joint Stock Company (Stock code BAF).

After the cooperation contract with the world's largest corporation, BAF Vietnam is aiming to increase the total herd to 10 million heads.

Source: https://baoquocte.vn/gia-heo-hoi-hom-nay-2610-gia-heo-van-dang-tren-da-giam-nhanh-tap-doan-chan-nuoi-heo-lon-nhat-the-gioi-uoc-lai-14-ty-usd-trong-9-thang-dau-nam-291433.html