Vietnam: Prices of buffaloes and cows are low, farmers are facing difficulties

Borrowing VND 200 million from a bank to buy 10 buffaloes and cows and investing in a fairly complete system of stables and farms, but for more than a year now, Mr. San Van Hin's family, 3 Thuoc Ha village, Tan Thanh commune (Ham Yen) have to keep an eye on this herd. Mr. Hin shared, this number of buffaloes and cows should have been sold, because they had enough weight and time to raise, but now the price of commercial cattle and buffaloes is low, forcing the price, making the family unable to sell but try to sell. trying to raise in the hope that the price can inched up next time. With 24 affiliated households raising nearly 230 buffaloes and cows, Nghiep Thanh Livestock Cooperative (Cooperative) is having to raise in moderation due to the sharp drop in the market price of buffalo meat. Mr. Nguyen Cong Nghiep, director of the cooperative, shared that in the past, fattening buffaloes cost about 90,000 - 95,000 VND/kg, selling 1 animal earned from 50 to 60 million VND. However, in ...