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Animal feed prices cut into farmers’ profits   2008-10-29 - Viet Nam News

Animal feed prices remain high, although the cost of input materials has dropped by 40 to 45 per cent since August.

A Miwon Farmsco Vina Co Ltd worker arranges bags of animal feed. Animal feed prices remain high, although the cost of input materials has dropped by 40 to 45 per cent since August.

Pham Duc Binh, general director of Thanh Binh Joint-Stock Company, said the prices reflected the use of previously purchased raw materials.

The chairman of the Viet Nam Feed Association, Le Ba Lich, said the prices of input materials would continue to fall from now to end of the year.

Lich attributed the price drops to good harvests worldwide and a reduction in transport charges.

At the end of last month, the association called on animal feed producers to cut prices to help reduce costs to animal breeders.

Vuong Quang Dung, director of the Vuong Hung Animal Husbandry Company, said animal breeders had suffered heavy financial losses, because of higher feed costs as well as lower meat prices.

Breeders have been reducing their output. The price of live pigs has now fallen to VND32,000-34,000 (US$1.93-2.06) a kg compared to VND46,000 a kg in June.

Van Duc Muoi, deputy general director of Vissan, one of the leading companies in processing and trading frozen meat and meat-related foods, said pig breeders were losing money, as they could only turn a profit, if prices reached VND39,000 a kg.

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