Feed price rises trouble farmers

Since early this year, animal feed prices have increased by up to 50 per cent, causing Vietnamese farmers much difficulty, according to the Livestock Production Department of the Ministry of Agriculture and Rural Development.

Local feed producers recently announced an increase in feed prices from VND150 to VND250 per kg. The price for raw materials used in animal feed production has risen faster than the proportion of livestock product prices, reducing scale and economic efficiency. Read more of this post

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Raw pangasius price: Reflect real market value and ensure benefits for the whole

In recent days, some local press posted information relating to the reduced price of pangasius causing confusions for both farmers and importers, especially European importers after the largest seafood exhibition in Brussels just ended.

At time of European Seafood Exposition happened from 3rd – 5th May 2011 at Brussels, Belgium, pangasius raw material prices were at record high. Raw pangasius cost paid by local processors was at VND29,000 per kilogram. At this time, frying price increased highly and harvesting was not at full season. Read more of this post

Vietnam producers see rising sales, dwindling profits

Vietnam’s seafood exporters are seeing a worrying trend: higher revenues offset by higher costs. The Vietnam Ministry of Agriculture and Rural Development released figures from the first quarter of 2011 that showed export revenues were up by 22 percent to $1.1 billion (€687 million), but profit was hard to come by, the Saigon Daily reported. Read more of this post

Vietnam: Rising input costs turn screw on local firms

Local businesses are trying to stay afloat amid spiking input prices.

Agifish Management Board Chairman Ngo Phuoc Hau said his firm used a huge volume of power and petroleum for production and their cost increases would hurt.

Cashews and coffee exporters were in the same boat. Many businesses reportedly signed export contracts several months ago and they could not alter pricing terms amid recent rising input material costs.

Vietnam Assoication of Seafood Exporters and Producers (VASEP) general secretary Truong Dinh Hoe said Read more of this post

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