Vietnam’s poultry industry contends with oversupply

01.06.2017

Still reeling from the oversupply of pigs, Vietnam's animal protein sector is taking another hit, this time with an oversupply of chicken meat and eggs that has led to plunging farm prices. Local experts said the glut resulted from the unplanned increase in numbers of broilers and layers in the country.

Nguyen Thanh Son, Chairman of the Vietnam Poultry Association, said Vietnam's poultry industry grew by 9.9% in 2016, much higher than the world average of 3.7%. Meanwhile the latest report from the Department of Livestock Production showed that poultry population is up 3.1% while broiler meat supply is up 5.3%, respectively from the same period last year.


asian-agribiz

Readers choice: TOP-5 articles of the month by UkrAgroConsult