Vietnam: Chicken in Ba Ria-Vung Tau suddenly has a price drop; farmers are cautious about restocking during Tet season

At the beginning of the breeding season to serve the Lunar New Year market, in Ba Ria-Vung Tau, the price of chickens dropped sharply, to only about 40 thousand VND/kg, lower than the cost of breeding. Therefore, instead of increasing the herd like previous years, many households reduced the scale, or even stopped raising them. Last year, from the middle of the 9th lunar month, Mr. Nguyen Van Long's family (Binh Ba commune, Chau Duc district, Ba Ria - Vung Tau province) raised a flock of about 6,000 Minh Du chickens to serve the Tet market. At that time, with a selling price of 65-70 thousand VND/kg, after deducting expenses, he earned a profit of over 200 million VND. This year is different. Instead of increasing the herd to prepare the supply for the upcoming Lunar New Year market of At Ty 2025, he reduced the herd. Mr. Long sadly said: “From the beginning of the year until now, the price of chicken has continuously decreased, sometimes by half, causing me to suffer losses. ...