Price of poultry and pork falls, feed hikes

While feed price has seen a continuous rise in the last six months, price of poultry and pork has fallen by 40-46 percent compared to the beginning of the year, said the Ministry of Agriculture and Rural Development on June 25.

Pork price has continued to fall since the beginning of the year (Photo: SGGP)

According to the Ministry, the breeding industry has faced much difficulty in the last six months, especially in the southern region. Selling price has been lower than cost price causing huge losses to breeders.

A kilogram of industrial chicken fetched VND32,500 in January but has now dropped to only VND17,000-19,000 a kilogram in the southern region.

Egg price has plunged from VND24,000-27,000 per pack of ten to VND18,000-19,000.

While raw material for feed production has escalated by 24-42 percent.

By Phuc Hau – Translated by Hai Mien

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