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In February 2022, various feed manufacturers raised the selling price of feed again , which was the 10th price increase since the end of 2020
.
Among them, the price of pig and broiler feed increased by VND300/kg, the price of poultry feed increased by VND240/kg, and the price of other feeds increased by VND200/kg
.
Yang Bisheng, director of the Breeding Bureau of the Ministry of Agriculture and Rural Development, said that in the first two months of this year, the prices of raw materials for global feed production continued to rise, of which soybean prices rose about 21%, soybean oil prices rose about 22%, soybean meal prices rose about 16%, and corn prices rose.
about 9%
.
The main reason for the rising price of feed raw materials is the unfavorable climatic conditions in major growing regions in South America.
In addition, the conflict between Russia and Ukraine has also had a greater impact on the prices of corn and wheat in the global and Vietnamese markets
.
Vietnam's annual imports of wheat and corn from Russia and Ukraine account for about 10% and 3% of the total imports of these products, respectively
.
At present, the price of corn kernels (feed material) in the Vietnamese market has risen by 12.
5% to 9,000 VND/kg
.
about 9%
.
The main reason for the rising price of feed raw materials is the unfavorable climatic conditions in major growing regions in South America.
In addition, the conflict between Russia and Ukraine has also had a greater impact on the prices of corn and wheat in the global and Vietnamese markets
.
Vietnam's annual imports of wheat and corn from Russia and Ukraine account for about 10% and 3% of the total imports of these products, respectively
.
At present, the price of corn kernels (feed material) in the Vietnamese market has risen by 12.
5% to 9,000 VND/kg
.
It is predicted that the price of corn and feed will continue to rise in the future due to the disruption of the supply chain of corn and some major industrial feed raw materials in the two countries due to the conflict between Russia and Ukraine (Ukraine is the fourth largest corn exporter in the world), which will adversely affect the breeding industry
.
.
