Goat and sheep farmers in Ninh Thuan, Vietnam, suffer from precarious prices

Published 2022년 1월 9일

Tridge summary

The article provides an overview of the current market situation for goats and sheep in Ninh Thuan, Vietnam. Prices have increased but remain low compared to previous years, leading to profitability for farmers. The price fluctuation is largely influenced by the market outside of the North, with import competition affecting local prices. Ninh Thuan is focusing on expanding the market for goat and sheep products, particularly in supermarkets, to ensure price stability and increase output. The province has a total herd of over 250,000 goats and sheep and has received trademark protection for its goat meat products under the "Ninh Thuan Goat" brand, as well as geographical indication protection for lamb products marked as 'Ninh Thuan.'

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

Original content

Prices are up but still low According to traders in Ninh Thuan, the price of goats sold at the barn is currently ranging from 90,000 to 105,000 VND/kg, while sheep are from 85,000 to 90,000 VND/kg. Compared to more than a month ago, the price of goats has increased by 30,000-35,000 VND/kg, the price of sheep has increased by 35,000 - 40,000 VND/kg. Mr. Duong Dang Hai in Khanh Nhon 2 village, Nhon Hai commune, Ninh Hai district, Ninh Thuan province said that the current price of goats and sheep is still low compared to previous years, but farmers have also made a profit. "Raising a goat about 15 kg, before it was sold for 180,000 VND/kg. Now the price is 90,000 VND/kg, halved, but sometimes traders don't buy it. And if goats over 15 kg are traded, the price is reduced by half but sometimes traders don't buy it. The driver still buys and buys it for 15 kg, and the old goat has dropped dramatically," - Mr. Hai shared. According to Le Hoang Nguyen, Director of Nguyen Phat Sheep Goat ...

Source: CafeF