Vietnam struck by poultry shortages
Vietnam may have to import poultry, pork and beef at the end of this year if the current feed situation does not take a positive turn.
If the animal breeding and feed processing industry do not to solve its current situations soon, Le Ba Lich, chairman of the Vietnam Animal Feed Association has warned, then Vietnam will have to import meat by the end of this year.
Breeders can no longer afford to continue
Many poultry and livestock farmers have been forced out of the industry due to soaring prices.
According to Lich, with capital used to purchase breeding animals and animal feed, which comes from loans with 20% interest, breeders cannot afford to continue work.
In addition, bird flu has also played a role in the current meat shortages.
Currently, chicken accounts for 11%-12% of the country’s meat consumption.
Investments to avoid shortages
To avoid meat shortages and encourage livestock farming, Lich said the association plans to invest in production and imports of raw materials for animal feed production.
The association requested that banks lower interest rates on loans, the Ministry of Finance to eliminate the value added tax (VAT) for raw produce, the Ministry of Industry and Trade to reorganise distribution systems.