Livestock industry distorts face when the price of animal feed continues to rise in Vietnam

According to data from the General Department of Customs (Ministry of Finance), in the first nine months of 2021, the import turnover of livestock products is estimated at over $2.7 billion, up 1.3% over the same period last year. Regarding animal feed ingredients, speaking at the National Online Conference on "Developing livestock in the last months of 2021 and implementing the plan for 2022" taking place on the morning of October 8, 2021, Mr. , Deputy Director of the Department of Livestock Production (Ministry of Agriculture and Rural Development) said that, in the first eight months of 2021, the import of animal feed materials is about 14.45 million tons (including aqua feed materials), corresponding to 5 22 billion USD, up 24.3% in quantity and 47.4% in value over the same period in 2020. Notably, in the first months of 2021, the average price of animal feed ingredients increased from 16-46% in the first months of 2021, of which the strongest increase was for cereal ...