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Vietnam: Farmers suffer as chicken prices drop to 10-year low

Farmers are hit hard as chicken prices drop to 10-year low in southern Vietnam, with the African swine fever prompting a livestock switch.

Prices of factory-farm chicken have fallen to around VND13,000 (56 cents) per kilogram in recent days in Dong Nai Province, just half the cost of raising them.

Phong, a farmer in Dong Nai, said that he lost has over VND1 billion ($43,100) after selling 30,000 chicken at the price of VND12,000 (52 cents) per kilogram, while the cost of raising them is twice as much at VND26,000 per kilogram.

"If this trend continues until the end of the year, I might not have enough capital to raise a new batch."

A similar trend can be seen in other southern provinces. Le Van Quyet, deputy chairman of the Livestock Breeding Association in the southeast region, said that most farmers were losing money, some up to VND10 billion ($431,000) from their latest crop.

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