Vietnam: A pig lost nearly a million dong, Dong Nai breeder called for help

Published 2023년 3월 14일

Tridge summary

The Dong Nai Livestock Association in Vietnam is advocating for a reduction in the import tax on soybean meal from 2% to 0% to aid the animal feed industry and livestock farmers. The proposal aims to mitigate the financial strain caused by African swine fever, the Covid-19 pandemic, and the disruption of global supply chains, which have increased production costs and decreased demand, leading to significant losses and a severe financial crises in the livestock sector. The association argues that the high cost of animal feed, due to a significant increase in the price of raw materials like soybean meal, has further exacerbated the challenges faced by the industry. By reducing the import tax on soybean meal, the association believes that it can stabilize domestic production costs and maintain a competitive edge for Vietnam's feed industry in the region.

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Original content

The Dong Nai Livestock Association has just sent an official dispatch to the Prime Minister, the Ministry of Finance, and the Ministry of Agriculture and Rural Development proposing to reduce the import tax on soybean meal from 2% to 0% to support the animal feed industry and Vietnamese livestock. According to Nguyen Tri Cong, Chairman of the Dong Nai Livestock Association, in recent years, Vietnam's livestock industry has been suffering heavy losses from the influence of African swine fever (AFS), the Covid-19 epidemic. The conflict between Russia and Ukraine has disrupted the global supply chain of raw materials, leading to high logistics costs and record high prices of input materials for animal feed production for a while. long, unstable, leading to very high production costs of livestock. Meanwhile, due to the domestic economic situation being heavily influenced by objective factors, people's demand decreased sharply, along with a sharp decrease in consumption and food ...

Source: Agriculture