CJ Vina plans for integrated operation
CJ Vina, a major Korean feed miller and breeder in Vietnam, has started to sell commercial poultry. "This month we sold 500,000 birds," Kieu Trong Nhan of CJ Vina told Asian Agribiz. The company started selling broiler in June. CJ Vina's entry to the broiler business has worried other players as the already-low price situation will worsen with the hike in supply. "This is a hard time for us with the entry of new big players," said Au Long Thanh, Director of Duy Cuong Livestock Company, which also produces about 500,000 chickens per month. Thanh told Asian Agribiz that with the current price of USD 1.13/kg, he is losing USD 0.23 for every kilo of chicken sold. CJ Vina has plans to expand its broiler operations in southern Vietnam and will start broiler farms in the north. It is reportedly in discussions with Green Feed, one of the top five feed millers in Vietnam, to start a venture that will create a full integration in Vietnam.
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 michael@boddingtonconsulting.com
source: http://www.asian-agribiz.com/display.aspx?PageID=0&MemberID=0&screenheight=900&screenwidth=1600#