VNDIRECT expects that feed costs will gradually decrease from the second quarter of 2023. Meat producers will record improved gross profit margin this year.
In 2023, the challenges faced by the meat industry are anticipated to lessen as a result of rising swine prices, a rebound in restaurant demand, and a shortage of supply.
Feed prices are expected to continue rising in 2022F, while average live hog prices are expected to fall 5.8% year on year.
Based on VNDirect’s statistics, aggregated revenue of listed meat production companies plunged 39.7% yoy in 1Q22, and net profit also declined 37.4% yoy.
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