Vietnam’s Industrial Chicken Breeding Up 50%
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Vietnam’s Industrial Chicken Breeding Up 50%

Posted by | December 2, 2013 |

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.

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