Vietnam: The price of animal feed increased sharply

Published Apr 11, 2021

Tridge summary

The price of animal feed in Dong Nai, Vietnam has significantly increased over the past five months, leading to concerns among farmers about rising production costs and potential losses. The price hike is particularly worrying for pig farmers due to the high cost of raising pigs and the risks of African swine fever. The high feed prices are further exacerbated by the COVID-19 epidemic's impact on the livestock market, resulting in fluctuating selling prices and increased financial pressure on farmers. Some farmers have suggested that the government adjust the animal feed prices to support breeders.

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

Original content

Recently, the price of animal feed for cattle, poultry, and aquatic birds has increased sharply, making farmers feel anxious. As noted by the reporter of Dan Viet newspaper, the price of animal feed started to increase about the past 5 months and increased sharply after the Lunar New Year. Specifically, prices of animal feed increased by 3-5, some 6-7 compared to the previous year. Chicken farmers in Dong Nai are worried about suffering losses because the price of animal feed has increased 5-6 times in the past 5 months. Mr. Nguyen Van Vinh, a pig farmer in Thong Nhat district (Dong Nai) shared that this time, he bought high-priced animal feed, but the price of pigs in April was low, so the pigs that had just been released from the barn, only made a slight profit. If the food price still does not decrease or increase, he is worried that the next batch of children will lose profits or even lose. Previously, the price of animal feed was about 230,000 - 280,000 VND / bag of 25-30kg ...

Source: Danviet