Farmers face losses amid rising animal feed prices

Many pig and poultry farms in the southern province of Dong Nai are facing big losses due to the rising price of animal feed.

Farmers face losses amid rising animal feed prices. Illustrative photo.

 General director of Vinh Thanh Dat Food Company, Duong Chi Thien said that their poultry farm was facing losses due to rising animal feed prices.

"Animal feed prices have increased by between 20-30 percent since the Russia-Ukraine War occurred," Thien said. "Meanwhile, egg prices remain low, causing us losses. I see that many small farms have had to close, while others including us are just maintaining smallscale production."

Mai Van Rem owns a farm with 500 pigs in Cam My District. He said that he had to invest VND1.5 billion to build the farm, which was much more costly than previous years.

"The rising land prices have led to soaring rents," he said. "Besides, we are also having to pay more to buy food for the pigs. Meanwhile, pork sales are slow, which has posed a big challenge for us."

Dong Nai supplies the largest amount of pork to the southern markets. Head of the Dong Nai Provincial Department of Livestock Production and Animal Health, Nguyen Truong Giang, said that local farms were raising some three million pigs which meet the demand in the area and some neighbouring localities, including HCM City.