Vietnam denies animal feed price fixing

25-03-2009 | |

Nguyen Xuan Duong, Deputy Director of the Livestock Husbandry Department under the Ministry of Agriculture and Rural Development (MARD), affirmed that there is no monopoly in animal feed pricing in Vietnam since no company holds up to 30% of the market share in Vietnam.

The question has been raised after people found out that the domestic feed prices have not decreased, despite the sharp falls in the prices of feed material prices in the world’s market. Duong said that biggest market share holder in the feed market, the CP Group, only holds 20% of the market share only.

MARD has proposed the Government to put several categories of feed materials, the supply of which has been relying on imports, into the list of products which need to have prices stabilized. For example, the list of the products which have the prices controlled by the State.

In long term, the ministry said that it is necessary to set up reasonable prices to push up the production of feed materials domestically. Duong from MARD said that Vietnam’s small enterprises need to cooperate with each other, so as to be able to import feed materials in large quantities and at low prices.