Pork prices are falling sporadically; Livestock businesses report profits that are several times higher than their initial investment.

Traders in other provinces and cities continue to buy at prices ranging from 65,000 to 66,000 VND/kg, depending on the area.

Today's live pig price in Northern Vietnam is in the range of 64,000 - 66,000 VND/kg.

*Pork prices in the Central Vietnam market

According to reports, pork prices in the Central and Central Highlands regions decreased by 1,000 VND/kg in Binh Thuan province, falling to 62,000 VND/kg.

Live pigs in the remaining provinces continue to be purchased at unchanged prices.

Currently, the price of live pigs in the Central and Central Highlands regions is around 61,000 - 64,000 VND/kg.

On the morning of August 7th, Nghi Xuan district directed relevant authorities to destroy the infected pigs in accordance with regulations. Simultaneously, they guided a family in disinfecting and sterilizing the area to prevent the spread of the disease, according to the Health and Life newspaper.

The People's Committee of Nghi Xuan district also requested Xuan Yen commune to urgently establish quarantine checkpoints. During the outbreak, all activities related to the buying, selling, and transportation of pigs and pig products into and out of the affected area must be temporarily suspended. Mobilize forces, supplies, and equipment to immediately implement isolation, monitoring, control, and disease prevention measures according to regulations. Regularly report on African Swine Fever (ASF) prevention and control efforts to higher authorities for timely response.

Mr. Pham Trung Thanh, Chairman of the People's Committee of Xuan Yen commune, said that after confirming that the family's pig herd tested positive for African Swine Fever (ASF), the local authorities established three checkpoints to strictly control the trading, transportation, and slaughtering of pigs in the affected area and related regions. They also spread lime powder and sprayed disinfectant on roads leading in and out of the affected area.

*Pork prices in the Southern market

Pork prices in the southern region have decreased slightly in some areas.

Specifically, the provinces of Binh Phuoc, Dong Nai, Binh Duong, An Giang , and Tien Giang reduced the price by 1,000 VND/kg to a common level of 63,000 VND/kg.

Pork prices in the remaining provinces and cities remain stable.

In the southern region today, the purchase price ranges from 61,000 to 64,000 VND/kg.

In the remaining provinces, purchases will continue at the same price.

Currently, the price of live pigs in the Central and Central Highlands regions is around 61,000 - 64,000 VND/kg.

* Livestock businesses report profits that are several times higher than their initial investment.

Vietnam's pig population is showing signs of recovery due to a strong shift from household farming to semi-industrial production, linked with businesses. However, African Swine Fever (ASF) remains a complex issue in many localities, leading to instability in livestock farming, especially in the household sector.

Against this backdrop, most businesses in the livestock industry recorded growth thanks to the stabilization of live meat prices in the first half of 2024.

Standing out in the overall picture of the livestock industry are the business results of Dabaco and BAF, with triple-digit profit growth in the first half of 2024 thanks to a sharp increase in pork sales volume.

Specifically, in the second quarter of 2024, BAF Vietnam Agriculture Joint Stock Company (HoSE: BAF) recorded net revenue of VND 1,225 billion, a decrease of 23%. However, thanks to a sharp decrease in cost of goods sold of more than 30%, the company's gross profit for the period surged by 89% to VND 174 billion.

After tax, Mr. Truong Sy Ba's business achieved significant profit growth, quadrupling compared to the same period last year, reaching 34 billion VND.