Goat and sheep prices fall, Ninh Thuan farmers in Vietnam face difficulties

Published 2022년 11월 19일

Tridge summary

Livestock farmers in Vietnam's Phuoc Minh commune are facing challenges as traders refuse to buy goats due to a surge in supply and reduced prices. The price of goats and sheep has dropped by 15,000 to 20,000 VND/kg compared to a month ago, resulting in difficulties for farmers. Ninh Thuan province, home to over 250,000 goats and sheep, is grappling with this issue, especially due to the economic crisis, limited income, and competition from cheaper Thai products. The situation is further complicated by the self-sufficiency of the North in raising its own livestock and the protection of geographical indications for Ninh Thuan's lamb products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

From the beginning of October until now, many livestock farmers in Phuoc Minh commune, Thuan Nam district have not yet sold any goats. The herd of dozens of goats from many households has come to an end, but when called, traders refuse to buy. 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 80,000 to 95,000 VND/kg. Compared to more than a month ago, the price of goats and sheep has decreased from 15,000 to 20,000 VND/kg. Mr. Le Hoang Nguyen, Director of Nguyen Phat Sheep Goat Co., Ltd in Ninh Thuan province said that raised goats weighing from 35-40 kg, sheep 25-30 kg are suitable for release, if kept for as long as possible. difficult to sell and more expensive to raise. Currently, his company has nearly 1,000 goats and sheep, if the price situation is still reduced, the current difficult consumption will be assured. “Goat and sheep prices are low and difficult to consume. The reason ...
Source: Vov

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