The production and consumption of animal feed in 2017 had a sharp decline compared to 2016 with decreasing rates of 40% and 44% respectively. This is mainly due to the decrease in production and consumption of pig feed when pork consumption is in difficult and its prices had been falling sharply. According to a report by the Ministry of Finance's Department of Price Management, over the same period in 2016, the price of pork meat in 2017 is 48- 52% lower. Due to over-supply in the country while consumption is not market-oriented, much depends on the Chinese market, causing serious losses to livestock farmers, leading to small-scale farmers have to stop livestock and do not invest much for the next period.
In addition to livestock producers, livestock feed producers, especially cattle and poultry feeds also suffered a great loss, reflecting a decrease in the business results of feed mills. Dabaco's animal feed sales are down 16.5% compared to the same period last year, while Masan Nutri - Science (parent company of two subsidiaries, Anco and Proconco) has reduced sales 9.8% compared to 2016 while profit dropped to 51.5%.
In addition to livestock producers, livestock feed producers, especially cattle and poultry feeds also suffered a great loss, reflecting a decrease in the business results of feed mills. Dabaco's animal feed sales are down 16.5% compared to the same period last year, while Masan Nutri - Science (parent company of two subsidiaries, Anco and Proconco) has reduced sales 9.8% compared to 2016 while profit dropped to 51.5%.
Table of Contents
- Executive Summary
I. Business environment
II. Global market
III. Vietnam’s market
V. Industry development zoning
VI. Outlook and forecast
VII. Enterprise analysis
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- C.P Vietnam Livestock JSC
- Cargill Vietnam Co.,Ltd
- Deheus Vietnam
- Greenfeed Vietnam JSC
- Proconco Vietnam France Cattle Feed Manufacturing JSC
- Uni-President Vietnam Co.,Ltd
- Dabaco Vietnam Corporation JSC
- Rural Technology Development JSC - RTD
- Viet Thang Feed JSC
- Asia Nutrition Technologies Group (VN)
Methodology
LOADING...