Vietnam: Raising buffaloes with large animals, the price is tens of millions, reduced to 10 million/head, people in TT-Hue slaughter their own meat and sell it themselves

Published Jan 5, 2023

Tridge summary

Buffalo farmers in Huong Phong commune, Hue City are facing challenges due to a sharp decrease in buffalo prices, leading to a lack of buyers. In response, farmers are slaughtering the buffaloes themselves for sale to generate profit. The province aims to encourage farmers to keep the buffaloes until prices increase, and suggest raising buffaloes in areas with grassland advantages. The use of locally available food and agricultural by-products as feed is recommended to reduce livestock costs. Establishing cooperative groups and associations in livestock production is also suggested to avoid price pressure and to consume products. Other strategies include vaccinating against diseases, preventing hunger and cold for livestock, and promoting the processing of microbiological fertilizers from cattle and buffalo waste to increase revenue.

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

Original content

Mr. Dang Duy Than in Huong Phong commune (Hue City) often maintains a herd of more than 10 buffaloes. In addition to rice farming, buffalo raising is considered the main occupation that helps Mr. Than's family and many Huong Phong people escape poverty and become well-off. However, recently, the price of buffalo has dropped sharply, making it difficult for Mr. Than as well as many buffalo raising households. Mr. Than shared, once, the price of buffalo meat each was several tens of millions of dong or more, then gradually decreased to 10 million or even lower. In the past, traders often went to the locality to buy buffalo, now they don't come back to buy anymore. The price of buffalo fell sharply and there were no buyers. In order to take the initiative in consumption, to avoid traders forcing prices, many farmers decide to slaughter buffalo for sale themselves. Each buffalo fluctuates around 1 quintal of meat. With the current selling price of 200-250 thousand VND per kg, each ...

Source: Danviet