The beef paradox in Ha Tinh of Vietnam: The price of live cattle is bottoming out, the price of finished products is still high

Published 2022년 9월 3일

Tridge summary

The article highlights the ongoing challenge faced by farmers in Ha Tinh, Vietnam, due to a significant drop in live cattle prices, which has reached its lowest level in five years. This decrease has been accompanied by a paradoxical situation where the finished beef prices in local markets remain high, causing financial losses for farmers and raising concerns about the sustainability of their income. Despite the challenges, local authorities and experts suggest solutions to mitigate losses and encourage sustainable farming practices. The article emphasizes the need for market reorganization and the adoption of measures to reduce costs and ensure a fair price for both farmers and consumers.

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Original content

The price of finished beef in local markets currently ranges from 120,000 to 250,000 VND depending on the type. Meanwhile, the price of beef slightly decreased, only 60,000 - 70,000 VND/kg. This paradox is "making it difficult" for both farmers and consumers in Ha Tinh. Farming households "dilemma" Raising fattening cows for 10 years, but never before, Pham Ba Quynh's family (Cam Lac commune, Cam Xuyen) has faced such difficulties as this time. For many months now, the price of live cows has dropped sharply, causing Quynh "dilemma", cows are past the time to go out, but the family has not dared to sell because the price has dropped too low. Pham Ba Quynh shared: “In early 2022, I raised 16 beef cattle, maybe after 4 months of raising it was time to sell, but the price dropped so much that the family had to raise it in moderation, which cost a lot of money. cost. If last year, each cow sold from 20-24 million VND, now it can only sell 10-12 million VND, just enough to buy the ...

Source: Baohatinh