Animal feed prices continue rising for the 8th, 9th times

According to Tien Phong newspaper, since the beginning of August, domestic animal feed manufacturers have sent letters to customers and agents to notify their new price adjustments. 

Accordingly, C.P Vietnam Livestock Joint Stock Company announced an increase of 400 VND/kg with all types of concentrated and mixed animal feeds for post-weaning piglets and nursing sows; other mixed feeds for pigs increased by 300 VND/kg; Mixed feeds for chickens, ducks and cattle increased by 200 VND/kg. Their new prices were applied from August 1 in all company's outlets in Dong Nai, Tien Giang, Binh Duong, Binh Dinh, Can Tho and Dak Lak.

Another animal feed company - Greenfeed Vietnam Joint Stock Company, has just adjusted the price of animal feed from August 2nd: Concentrated bran rose by 400 VND/kg; brans for piglet - 300 VND/kg; swine mixed brans - 300 VND/kg; mixed brans for poultry - 200 VND/kg and cattle brans - 2000 VND/kg.

In addition, many other enterprises such as Hoa Phat Dong Nai Livestock NHH Company, Kyodo Sojitz Animal Feed Co., Ltd., De Heus Company, US Feed Company, CJ Vina Agri Co., Ltd. also simultaneously increased  prices of their products.Generally,, the price of animal feed including pig bran, mixed feed for poultry and cattle... hike from 250 to 500 VND/kg.

The strongest increase belonged to Guyomar'ch Vietnam. Their concentrated feeds for pigs and chickens rose by VND 4.000/kg; mixed feed for piglets increased - 400 VND/kg; mixed feed for sows and pigs - 300 VND/kg; other foods increased by 200 VND/kg.

Mr. Nguyen Van Trong, Deputy Director of the Department of Livestock Production (Ministry of Agriculture and Rural Development) said that the price of animal feed accounts for 75% of production costs. Therefore, when feed prices fluctuate, farmers will be directly affected.

“The reason behind this phenomenon is fluctuations in the world raw material market. Since the first price surge from the end of 2020 until now, the price of domestic animal feed has risen 7-8 times, or even 9 times (up from 30-40%) in some companies, while the price of livestock products decreased. Due to this adversity, numerous households are suffering from financial loss.

In order to cope with the current situation, the Ministry of Agriculture and Rural Development is proposing to put animal feed in the category of price stabilization items. If the proposal is approved by the Ministry,  livestock industry will be able to stabilize in the future. 

Author: Duong Hung from TienPhongNews - Translated by VINODA

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