Vietnam: Open a solid way out for the poultry egg industry amid falling prices

Vietnam

Market & Price Trends

Published Mar 21, 2024

Tridge summary

Vietnam's chicken egg industry is facing a downturn due to reduced domestic demand and challenges in exporting due to the avian flu epidemic and high preservation costs. Despite increased production, many farmers are experiencing losses. To mitigate this, experts suggest developing businesses with egg export potential, building a national brand, and meeting international requirements on antibiotics and microorganisms. The Vietnam Poultry Association and other bodies have proposed policy changes to the Prime Minister to address these issues and create a competitive advantage.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Records of the chicken egg market in provinces and cities across the country on March 20 showed that the price was stable at a price range of 1,700 - 2,400 VND/egg. However, recently in some traditional markets in Ho Chi Minh City, places selling chicken eggs have appeared for only 45,000 VND for a box of 30 eggs (small red chicken eggs), thus the price per chicken egg is just 1,500 VND. Why did the price decrease? The situation of falling egg prices is similar in some localities in the North such as... with prices dropping to 1,700-1,800 VND/egg, sometimes even dropping sharply to 1,500 VND/egg. As in Hai Duong, the price of eggs in mid-March 2023 decreased from 7,000-10,000 VND/dozen eggs compared to mid-February 2024. In Hanoi, there are places to "rescue" cheap chicken eggs. In fact, poultry egg prices have tended to decrease over the past 3 months and have shown no signs of increasing again. According to some enterprises in the poultry egg industry, the reason for the ...

Source: Industry and Consumption Newspaper