Vietnam: The price of animal feed will continue to increase

Published 2021년 7월 9일

Tridge summary

The article highlights the significant rise in the prices of animal feed ingredients, with grain materials seeing the highest increase, leading to a substantial hike in the cost of animal feed. Despite a slight decrease in prices in June and early July, the overall price of finished animal feed has seen an increase of 1.7% to 2.0%. The Department of Livestock Production anticipates a double-digit increase in feed prices in the latter half of the year, emphasizing the challenges faced by the livestock industry. To mitigate these effects, the Department plans to monitor the market closely and encourage alternatives like raising grass-fed cattle or cultivating feed ingredients.

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

Original content

According to the Department of Livestock Production, on average, in the first 6 months of the year, the prices of animal feed ingredients increased compared to the same period in 2020, in which the strongest increase was for grain materials, specifically: Corn kernels increased by 35 ,first%; soybean meal by 35.5%; wheat bran increased by 32.8%; cassava chips increased by 19.2%; Extracted rice bran increased by 16.1%... The sharp increase in raw material prices led to a sharp increase in the price of animal feed. Specifically, the price of complete compound feed for pigs from 60kg to slaughter is currently 10,785.8 VND/kg (up 14.6% over the same period last year); mixed feed for colored broilers was 10,885.4 VND/kg (up 14.4%); mixed feed for white broiler chickens was 11,206.9 VND/kg (up 12.1%). According to the Department of Livestock Production, in June, the price of feed ingredients began to decrease compared to May. In the early days of July, prices continued to keep this ...

Source: Vietstock