Live hog price hitsVND 70,000/kg as a result of tight supply caused by game nổ hũ uy tín ASF epidemic, which contributed significantly to BAF Vietnam Agriculture Joint Stock Company (BAF)’s growth inRevenue and Profit.
On July 14, 2022, game nổ hũ uy tín purchase price of live hog continued to increase additional VND 7,000/kg to reach VND 70,000/kg. Currently, game nổ hũ uy tín trading price of live hog in 3 regions is around VND 54,000 to VND 70,000/kg.
From game nổ hũ uy tín end of April 2022 until now, live hog price has marked an increase of about 25%. game nổ hũ uy tín main reason comes from game nổ hũ uy tín African swine fever ASF outbreak in recent times, causing game nổ hũ uy tín total number of pig herds to decrease sharply. Many households were afraid of game nổ hũ uy tín disease so have sold off their pigs even when game nổ hũ uy tín pigs’ weight was not enough for slaughter. This leads to a sharp decrease in total pig herds and a shortage of market supply. Moreover, game nổ hũ uy tín disease has severely caused a reduction in game nổ hũ uy tín total number of sow herbs in Vietnam. It is difficult to re-herd when game nổ hũ uy tín breeding supply is limited. For that reason, game nổ hũ uy tín live hog price is expected to continue increasing because game nổ hũ uy tín supply from game nổ hũ uy tín re-herd is difficult when there is a shortage of breeding stock. In addition, game nổ hũ uy tín high price of feed has made live hog prices increase sharply every day recently. Besides, game nổ hũ uy tín price of live hogs in neighboring countries including China and Thailand also increased sharply, reaching game nổ hũ uy tín price level of VND 85,000 to 90,000/kg, which also affected game nổ hũ uy tín live hog price in Vietnam.
game nổ hũ uy tín small-scale husbandry model of households has faced many difficulties in recent times under game nổ hũ uy tín consequences of game nổ hũ uy tín strong increase in feed prices and game nổ hũ uy tín disease outbreak. Currently, game nổ hũ uy tín production cost of 1 kg of pork in a household has been up to VND 55,000 – 58,000 /kg, increasing nearly 45% compared to game nổ hũ uy tín previous time. However, this is a great opportunity for large-scale companies with modern livestock models, especially BAF Vietnam Agriculture Joint Stock Company (Company, BAF) which has game nổ hũ uy tín advantages of investing in game nổ hũ uy tín 3F closed model (FEED-FARM-FOOD) “from farm to dining table” to gain market share.
For BAF’s FEED part of game nổ hũ uy tín model, game nổ hũ uy tín product is researched by a team of leading experts to ensure optimal nutrition for each stage of livestock development, ensuring 3 NO: No prohibited substances – No colorants, lean – No weight gainer. game nổ hũ uy tín fully automatic feeding system with European technology contributes to game nổ hũ uy tín increase of pork’s quality, taste and game nổ hũ uy tín advanced waste treatment system contributes to game nổ hũ uy tín reduction of environmental pollution. Up to now, BAF is operating 2 BAF feed factories in Tay Ninh and a bran factory in Phu My with a total capacity of 260,000 tons/year. Since then, BAF can actively reserve feed and minimize game nổ hũ uy tín impact of game nổ hũ uy tín price fluctuation in recent times. In game nổ hũ uy tín first 6 months of 2022, 2 feed factories has provided 30,000 tons of feed, strong growth over game nổ hũ uy tín same period, ensuring food sources for game nổ hũ uy tín total herd of up to 130,000 pigs in game nổ hũ uy tín recent times.
BAF Tay Ninh FEEDfactory
game nổ hũ uy tín Company’s modern closed farm system (FARM) has applied game nổ hũ uy tín modern 4.0 model with international standards, allowing game nổ hũ uy tín traceability of food right from game nổ hũ uy tín farm with game nổ hũ uy tín purpose of supplying safe pork products into game nổ hũ uy tín market, complying strict disease control procedures, ensuring biosecurity and creating game nổ hũ uy tín best development conditions for livestock. With modern livestock farms, BAF has invested heavily in barn technology according to modern standards in game nổ hũ uy tín world. game nổ hũ uy tín technology systems has been transferred from game nổ hũ uy tín largest corporations in Europe and game nổ hũ uy tín US such as AP, Cristal, Skiold and Big Dutchman. Currently, BAF has put into operation 16 closed farms for pigs and breeding pigs throughout Vietnam, increasing game nổ hũ uy tín total pig herd to 130 thousand heads and rising to Top 5 in live pig market in Vietnam.
Modern barn system
Realizing game nổ hũ uy tín importance of providing clean and safe BAF pork products to consumers (FOOD), BAF is autonomous in its distributing channel when continuously expanding Siba Food food stores and Meat Shop counters nationwide. All game nổ hũ uy tín processing and transportation are strictly controlled to ensure that game nổ hũ uy tín pork meets game nổ hũ uy tín best quality standards. Up to now, BAF has developed more than 50 Siba Food stores and 250 Meat Shops concentrated in major cities across game nổ hũ uy tín country. game nổ hũ uy tín efficient operation of game nổ hũ uy tín distribution chain has boosted game nổ hũ uy tín output sharply in recent times. game nổ hũ uy tín volume of pork sold in game nổ hũ uy tín first 6 months of 2022 reached nearly 145,000 pigs of all kinds, increasing 3.3 times over game nổ hũ uy tín same period.
game nổ hũ uy tín optimization of game nổ hũ uy tín modern breeding model under game nổ hũ uy tín 3F model has achieved remarkable results when game nổ hũ uy tín Company can completely control production costs and can ensure game nổ hũ uy tín stable growth of game nổ hũ uy tín total herds. Live hog prices are expected to continue to increase in near future due to game nổ hũ uy tín impact of ASF as well as game nổ hũ uy tín supply scarcity. This shall greatly contribute to game nổ hũ uy tín growth of game nổ hũ uy tín Company’s Revenue and Profit in game nổ hũ uy tín coming periods.