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

Published 2024년 11월 17일

Tridge summary

The article highlights the significant financial challenges faced by farmers in Ba Ria-Vung Tau, Vietnam, who raise Minh Du chickens for the Lunar New Year market, due to a drastic decrease in chicken prices to the point where they are now lower than the cost of rearing. This has led to substantial losses and forced many farmers to reduce or cease chicken production. Despite the overall increase in the province's poultry herd, the agricultural sector has urged farmers to carefully consider market demand and scale before restocking to prevent further losses. Additionally, the article stresses the importance of disease prevention and the adoption of bio-secure farming practices to improve product value and stabilize prices.

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

Original content

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. ...

Source: Danviet