DUBLIN--(BUSINESS WIRE)--The "Vietnam Animal Feed Industry Standard Report Q1 - 2018" report has been added to ResearchAndMarkets.com's offering.
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%.
Companies Featured
- 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)
Key Topics Covered
I. Business environment
II. Global market
III. Vietnam's market
IV. Industry risk
V. Industry development zoning
VI. Outlook and forecast
VII. Enterprise analysis
VIII. Appendix of financial statements
For more information about this report visit https://www.researchandmarkets.com/research/hwbbjk/vietnam_animal?w=4
