Vietnam’s pig sector is currently in a profitable phase, with live pig prices at around USD 2.5/kg, compared to production costs of roughly USD 1.8/kg.
That spread — up to USD 0.7kg — is significant enough to drive strong earnings across major producers.
And it is already reshaping behaviour at the top of the industry.
In Q1 2026, BAF Vietnam Agriculture sold nearly 240,000 pigs and is targeting more than 1.2 million pigs for the full year — a 60% increase compared to 2025, supported by continued expansion of its farm network and integrated supply model. At the same time, Dabaco Group is scaling towards a herd of around 2 million pigs, alongside new large-scale projects designed to optimise cost structures at higher volumes.
Meanwhile, Hoa Phat Agriculture is also expanding its pig operations, with output expected to approach 900,000 market pigs annually, built on a closed feed–farm system that allows tighter control over inputs and production performance.
The difference is not in direction, but in how expansion is paced and structured across systems — whether through rapid scaling, cost optimization at volume, or tighter integration of inputs and production.
This divergence is worth watching.
Because in livestock, expansion tends to follow profit —
and oversupply tends to follow expansion.
The current cycle is still in its profitable phase.
But the decisions being made now will shape what comes next.
pigtalks.asia 
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