Friday, July 31, 2009

Vietnamese chicken prices crash

Poultry farmers in the Xuan Loc District of Vietnam have suffered big losses during the last three months after wholesale prices of chicken crashed by almost 60% from US$2.60 to US$1.10 a kg, according to a news report.
Many HCM City supermarkets, too, witnessed a drop in chicken prices even as farmers tried to raise more chicken with the hope of increasing profits.
Those who raised chickens without contracts were the hardest hit.

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