High feed prices cut into animal husbandry’s profits
Input material prices have decreased, but the price of animal feed remains unchanged, and, as a result, breeders have incurred heavy losses as the live pork price has dropped dramatically. Nguyen Thi Dung in Vinh Huu commune of Tien Giang province complained that the live pork prices have dropped to VND25,000 per kilo, but merchants have only bought it in limited quantities. She said she incurred a loss of VND1 million for every 100 kilo pig sold. “The money I get from selling pigs is not enough to pay for feed,” she said. “Some years ago, when the pork price increased, the animal feed price also increased rapidly. Now, though the pork price decreases, the feed price stays unchanged.”
