Via Thanh Nien Daily: Bird flu anxiety presses prices in southern Vietnam. Excerpt:
Dealers have used the bird flu excuse to push poultry prices at southern Vietnam farms down by up to 40 percent.
Chicken prices have dropped by 32 percent to VND27,000 (US$1.28) a kilo and their eggs to VND600-900 apiece, down 31-40 percent from early February.
Nguyen Ngoc Kha, a farmer from Dong Nai Province outside Ho Chi Minh City, said he just sold more than 70,000 eggs to dealers at a loss of VND450-500 each.
The farmers said the dealers and several egg retailers told them that the ongoing bird flu has scared people off, dragging consumer prices to deep low.
Farmer Nguyen Van Ngoc in the same province said farmers are losing VND10,000-12,000 a kilo with current prices.
“The business has largely slowed down since the bird flu news.”
Ngoc said many could not even find customers at losing prices and are seeing escalating stocks.
Hai, a farmer from the Mekong Delta’s Long An Province, said she doesn’t know who to sell to other than those familiar customers anyway, so she has to accept any prices with whatever excuses they give.
Egg prices falling below VND1,000 have put her business VND12 million in the red.
The owner of more than 60,000 eggs said she bought the chickens at VND150,000 each but now can only sell them alive for less than half.