Vietnam: Goat and sheep prices in Ninh Thuan increased to the highest since the beginning of the year

Published May 17, 2021

Tridge summary

The article reports a significant increase in the prices of goats and sheep in Ninh Thuan, Vietnam, with traders purchasing at rates of 140,000 to 160,000 VND/kg for goats and 130,000 to 140,000 VND/kg for sheep, up by 10,000 to 20,000 VND/kg since the start of the year. This price hike is attributed to favorable weather conditions, an ample food source, and a growing demand for goat and sheep meat products. As the region has the largest goat and sheep herd in the country, with over 132,000 goats and nearly 117,000 sheep, the high prices are leading to increased profits for farmers. The local agricultural sector is focusing on improving herds and promoting linkages in the livestock production value chain to further enhance the quality and value of goat and sheep meat products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Currently, traders buy goats at barns with prices ranging from 140,000 to 160,000 VND/kg, sheep meat prices range from 130,000 to 140,000 VND/kg (goats, sheep depending on weight, male or female have different prices. together). Compared to the beginning of the year, the price of goats and sheep has now increased from 10,000 to 20,000 VND/kg. According to the forecast, the price of goats and sheep is likely to increase and maintain at a high level in the near future. Mr. Nguyen Van Nam from Phuoc Hai commune, Ninh Phuoc district said that his family has been raising goats for many years, but this time goats sold for the highest price. Recently, the family released 10 meat goats with a total weight of over 250 kg, after deducting costs, there was a profit of more than 35 million VND. Currently, there are more than 20 dozen goats being selected by his family to sell for capital to rotate livestock. Due to the sharp increase in the price of goats and sheep, the demand to buy ...
Source: Vinanet

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