Vietnam deals with pig farming surplus, low prices

02.03.2017

Vietnam’ Agriculture and Rural Development Minister Nguyen Xuan Cuong has called for a nationwide reduction in the number of pigs and feedmills after rapid growth in the last few years, said a Vietnam News report. Cheap live weight prices and relatively high prices of feed have caused pig farmers to suffer losses worth USD 43 per pig, local media reported.

The country has over 29 million pigs, including 4.2 million sows. In 2016, pig farms increased production by 23% compared with 2015. Total capacity of feedmills across the country reached over 31 million tonnes per year, about 6 million tonnes higher than that the country planned to have by 2020. Last year, Vietnam’s feed production was 23.5 million tonnes.


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