Aftershocks between Russia and Ukraine cause feed prices in Vietnam to skyrocket again

Published 2022년 3월 9일

Tridge summary

Vietnam's livestock sector is experiencing challenges due to rising animal feed prices, leading to adjustments in selling prices by several companies. This situation is attributed to increasing prices of key animal feed ingredients, including soybean oil, soybeans, soybean meal, and corn, caused by adverse weather in South American countries and political tensions between Russia and Ukraine. The sector also faces difficulties due to the Covid-19 epidemic, increased gasoline prices, and cold weather, which have resulted in cattle deaths. Despite these challenges, the supply of livestock products is reportedly abundant, while demand is low.

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

Original content

Duong Tat Thang, Director of the Department of Livestock Production, said that in February, the total herd of pigs increased by 2.9%, poultry by 2.0%, cows by 0.9%, and buffaloes by 2.4. % over the same period in 2021. In February 2022, it was witnessed that animal feed businesses adjusted their prices for the 10th time in a row from the end of 2020 until now. Accordingly, MMS Feed Joint Stock Company (Proconco & Anco Factory system) informed customers to increase the selling price of pig and broiler feed by 300 VND/kg, poultry and piglet feed by 240 VND/kg , other types increased by 200 VND/kg. Similarly, De Heus Co., Ltd. also announced an increase in selling price of 300 VND/kg for concentrated feed products for pigs and chickens; an increase of VND 240/kg of feed for piglets and laying poultry; an increase of 200 VND/kg for the remaining foods. CJ Vina Agri Co., Ltd. adjusted the price of animal feed for all product lines with an increase of 300 VND/kg. The reason given by CJ ...

Source: Vietstock