Price of poultry meat plummets

Nguyen Van Toan, a trader at the Ha Vy Wholesale Market in Thuong Tin District, Ha Noi, said over the past two weeks, the price of coloured-feather chicken dropped sharply to VND46,000-50,000 (US$1.95-2.12) per kilo from VND65,000-70,000 before the Tet holiday.

The strongest reduction was in the price of white-feather chicken and duck meat, falling 50 per cent to VND17,000-20,000 per kilo against those before Tet.

The farmers have suffered huge losses from the price reduction because the production cost at present is VND24,000-26,000 per kilo for white-feather chicken and VND30,000-32,000 per kilo for duck, he said.

Meanwhile, according to Toan, poultry consumption has also decreased by at least 50 per cent. He usually sold 1-2 tonnes of chicken per day, but now, the volume is 600 kilo per day, meaning he is unable to afford rent and transport.

Tran Van Hung in Tam Dao District, Vinh Phuc Province, said Vinh Phuc leads in the number of people affected by the acute respiratory illness Covid-19 (nCoV), thus traders are afraid to come to this northern province to buy chicken and duck.

The chicken prices have dropped to VND50,000-80,000 per kilo depending on kinds of chicken, he said. The consumption has also fallen to an average of 600 kilos of chicken per day at present, from two tonnes per day before the coronavirus epidemic.

Farms in Dong Nai, Binh Duong and Ba Ria – Vung Tau have also seen the same issue. The prices of chicken and duck stood at VND25,000-26,000 per kilo of white-feather chicken before the Tet holidays and those prices plunged to VND21,000-22,000 per kilo after Tet. They have even dropped to VND12,000-13,000 per kilo at present, the lowest level in recent years, according to the Ministry of Agriculture and Rural Development.

Nguyen Kim Doan, vice chairman of the Dong Nai Livestock Association, said the price reduction is due to higher supply of poultry meat. The farmers have changed to breed poultry as the African swine fever has affected pig herds on the domestic market.

All schools are closed due to the coronavirus epidemic, causing reduction in poultry meat demand at schools as well as poultry prices.

The same situation has also happened when all festival activities have stopped due to the coronavirus epidemic.

Meanwhile, many farmers are worried about the A/H5N6 avian influenza and they have sold their poultry, causing traders to push prices of poultry down.

According to the livestock industry’s experts, the prices will likely recover if all activities are resumed.