Vietnam: The risk of supply chain disruption

Published Aug 26, 2021

Tridge summary

The article highlights the significant challenges faced by agricultural farmers in Dong Nai province, Vietnam due to the COVID-19 pandemic. Pig and chicken farmers are experiencing massive losses due to a drastic decrease in pork consumption, transportation difficulties, and high raising costs. The result is a sharp drop in pig prices and an inability to sell chickens at profitable prices, leading to heavy financial losses and the need to reduce prices or sell at loss. The situation is further worsened by the unstable market, high feed and medicine costs, and the inability to sell to retail channels. The situation is exacerbated by the need for social distancing, which has disrupted the supply chain and transportation, causing further difficulties in selling agricultural products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Illustration. (Photo taken before April 27, 2021, farmers cried loudly because of the congestion, Dong Nai province - the capital of pig raising - continuously suffered from heavy losses since the Covid-19 epidemic broke out again. in southern localities at the end of May. Consumption of pork in the market decreased sharply, besides the difficult transportation and slaughtering caused some pig farms to accept losses to sell off the herd. The rest "raised" the hope that the price would rise again, so they continued to hold out, but soon they were "disillusioned" by the complicated epidemic, which forced localities to strengthen distancing measures. "Last weekend, when it was reported that Ho Chi Minh City tightened social distancing, many pig farmers in Dong Nai were worried that the price of pigs would drop sharply in the near future, so they sold quickly and were forced by traders to lower prices at the farm. 46,000-48,000 VND/kg, down another 4,000 VND/kg compared to the ...

Source: VNRuralEconomics