Vietnam’s Industrial Chicken Breeding Up 50%
According to Mr. Nguyen Van Minh, the Vice Director of the Livestock Department of Hanoi's Agriculture and Rural Development Department, the price of poultry breeding has been fluctuating in the market in recent days. In Vietnam, industrial chicken breeding prices have been entirely reliant on two foreign countries, Thailand and Indonesia, who hold almost 100% market share of the whole country. In a statement by industry experts, the cost of breeding production has just reached VND 8,000-12,000 per a chick, and suppliers have profited 30-40% from them. The chicken breeding prices have increased by 50% in October, a contrast from a dormant August and this has led to high profit margins for companies but a disadvantage to local farmers.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.