CPF’s Q1 profit jumped 40% as pig oversupply in Vietnam back to normal

CPF wins "Highly Commended in Sustainability Award" affirming the company's success in food Safety, self-sufficient society, and balance of nature.

Charoen Pokphand Foods PLC (CPF) reported an 23% increase in third quarter earnings from the same period last year despite a 6% lower sales revenue. Earnings in fourth quarter and in 2020 expected to increase further.

Mahidol University signed a research and development pact with Charoen Pokphand Foods PLC (CPF) to explore health food innovations that respond to the needs of consumers at all ages for the sustainable health of all Thais.

Charoen Pokphand Foods’ (CP Foods) farms are transitioning toward a stress-free and high animal welfare environment where animals are living happily for their entire lives, in an effort to promote ethical and healthy food products.

Thailand’s Department of Livestock Development (DLD) and meat exporters reassured that farm animals are treated by humane practices in line with internationally recognized standards.

Charoen Pokphand Foods PCL (CP Foods) revised its contract farming agreement to allow more involvement of farmers in decision making process, assuring them of fair treatment.

Charoen Pokphand Foods and its subsidiary Bangkok Produce Merchandising have teamed up with Thailand’s Department of Labour Protection and Welfare to improve labour practice of local suppliers, ensuring traceability and sustainability of both companies’ supply chain.

To celebrate World Environment Day on June 5, Charoen Pokphand Foods PCL (CP Foods) announced “CP Foods Coal Free by the year 2022” project to phasing out coal usage from all its operations in Thailand in response to UN Sustainable Development Goals.

Charoen Pokphand Foods PCL (CP Foods) draws closer to achieve its Sustainability Goals 2020 and drives forward to long-term plan which targets for significant improvements, especially in animal welfare, environmental footprints reduction, and packaging management.

The Labour Voices Hotline by LPN, a joint initiative by Labour Rights Promotion Network (LPN) and Charoen Pokphand Foods PLC (CP Foods), is entering the second year.

It had reported a 9-month net profit of Bt13.855 billion, rising by 7% due to pork price recovery in Vietnam and Cambodia.

A growing interest in animal welfare among Thai consumers led to a major shift of industry’s practice in the recent years. CP Foods announced a global policy on animal welfare in April 2018 in line with internationally recognized animal welfare standard.

Vietnam has a vital role on CPF growth, thanks to the domestic consumption demand and its export, which has expanded more than 20% compared to previous year, which was resulted from Vietnam having Free Trade Agreement with European countries and United States of America.

CPF has set a goal to replace individual gestation pens with group pens, a method that provides more relaxed environment. The practice will be manage both in Thai and overseas operations within 2025 and 2028 respectively.