The South suddenly increased, the "big guys" in the pig farming industry reported huge profits.

Pig prices increased slightly today in two southern provinces. Currently, this area is trading in the range of 60,000 - 63,000 VND/kg. Many pig farming enterprises reported a sharp increase in profits.

Pig price today, November 20: North and Central regions remain stable, while the South suddenly increases. (Source: Vincom)

Pig price today November 20

*Pig price in the North:

The price of live pigs in the North remains stable at around 61,000 - 63,000 VND/kg.

Specifically, Hanoi and the provinces of Phu Tho, Tuyen Quang, Thai Nguyen, Hai Duong, Hung Yen, Thai Binh and Vinh Phuc are selling live pigs at 63,000 VND/kg, the highest in the region.

*Pig price in the Central Highlands region

Pig prices in the Central Highlands provinces remained unchanged this morning.

Accordingly, the transaction prices in localities in this region currently do not have much difference, fluctuating from 60,000 - 61,000 VND/kg, with the level of 61,000 VND/kg recorded in the provinces of Thanh Hoa, Nghe An, Quang Binh and Lam Dong.

*Pig price in the Southern region

In the Southern region today, prices increased slightly in Hau Giang and An Giang, reaching 61,000 VND/kg and 62,000 VND/kg, respectively.

Currently, traders in the South are purchasing live pigs at prices ranging from 60,000 to 63,000 VND/kg. Of which, live pigs in Dong Nai, Binh Duong, Bac Lieu and Tra Vinh are being sold at the lowest price in the region of 60,000 VND/kg.

* Many pig farming businesses reported strong profit growth in the third quarter of this year. The increase in live hog prices and the cooling of input material prices for livestock farming are the reasons for the better profits in this sector.

The report shows that BAF's revenue in the third quarter of 2024 increased by only 7% year-on-year, reaching VND1,313 billion. However, the cost of goods sold increased less, and gross profit improved to VND222 billion. Therefore, despite many expenses such as interest, sales and business management all "increasing", BAF's profit after tax still increased by 54% year-on-year, reaching more than VND60 billion.

Another enterprise in the livestock processing and breeding industry also recorded quite positive profits in the third quarter of this year, that is Vietnam Livestock Industry Corporation - Vissan (VSN).

The "boss" of pig farming in the North - Dabaco Vietnam Group Joint Stock Company (DBC) also reported a net profit of more than 312 billion VND, 26 times higher than the same period last year.

Source: https://baoquocte.vn/gia-heo-hoi-hom-nay-2011-mien-nam-bat-ngo-tang-cac-ong-lon-nganh-chan-nuoi-heo-bao-lai-khung-294366.html