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Japfa sinks into the red amid weak swine market in Vietnam

Jude Chan
Jude Chan7/27/2017 8:19 PM GMT+08  • 2 min read
Japfa sinks into the red amid weak swine market in Vietnam
SINGAPORE (July 27): Agri-food producer Japfa posts a loss of US$3.4 million ($4.6 million) for the 2Q17 ended June, compared to earnings of US$44.6 million a year ago.
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SINGAPORE (July 27): Agri-food producer Japfa posts a loss of US$3.4 million ($4.6 million) for the 2Q17 ended June, compared to earnings of US$44.6 million a year ago.

The decline was largely due to a substantial loss in Vietnam, as the average selling prices (ASPs) of swine continued to slide to levels well below operating costs.

This was the result of import restrictions in China started in 4Q16, which has significantly reduced demand in Vietnam’s swine market.

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