Vietnam: Buffaloes and cows depreciated due to China's border ban

Published 2022년 6월 30일

Tridge summary

Buffalo and cow prices have significantly dropped over the past six months, causing financial difficulties for livestock farmers in Phu Yen province, Vietnam. The decrease in demand is due to a ban on border trade to China, the main buyer of buffalo meat. This situation has led to an inability to sell and high maintenance costs for buffalo farmers, who are struggling to reduce herd sizes. The Department of Livestock Production and Veterinary Medicine of Phu Yen province has acknowledged the issue and is advocating for solutions to support farmers. Many farmers are reducing their herds in anticipation of future market recovery, while also facing high costs in maintaining large herds in the meantime.

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

Original content

From the beginning of December until now, buffalo prices have continuously decreased sharply. Mr. Ba Bich, who is raising buffaloes in Hoa Thang commune (Phu Hoa district, Phu Yen province) said: Previously, buffaloes cost about 85,000-90,000 VND/kg live, selling 1 animal earned about 40-45 million VND. copper, so buffalo farmers have a fairly stable income. However, during the past 6 months, the price of buffalo has continuously decreased, so far it is only about 70,000 VND / kg, I don't know if the price will continue to decrease in the next time or not. Not only depreciating, now buffaloes have no output. In the past half year, buffalo farmers were almost unable to export their herds because there were no buyers. Mr. Ngo Kim Long from Hoa Quang Nam commune (Phu Hoa district) has more than 30 years of raising buffaloes, said: In previous years, on average, I sold several times a year with a few dozen meat buffaloes and also sold more. dozens of breeding buffaloes for households ...

Source: Danviet