Update news Animal feed
Small livestock farmers in Viet Nam are being robbed off due benefits to the tune of US$94 million a year, experts say.
VietNamNet Bridge – The Government wants to start cultivating new strains of genetically-modified (GM) crops next year with a target to expand the area under cultivation of GM crops
VietNamNet Bridge – Foreign firms are showing huge interest in Vietnam’s lucrative livestock production sector, the Vietnam Investment Review (VIR) reported.
VietNamNet Bridge – Despite being an agricultural economy, Vietnam cannot produce animal feed. It has to spend $4 billion a year on animal feed imports, a figure far higher than its earnings from rice exports.
The capital depletion plus the dramatic meat price decrease both have knocked down livestock farms. Breeding animals for foreign invested enterprises proves to be the only choice for Vietnamese farmers now.
CP Vietnam Livestock Corporation, found as the culprit who pushed up the chicken egg prices up in recent days, has become the subject for extreme public criticism.