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Milk Price-Hike Helps Revitalise Dairy Industry
VIET NAM - Recent increases in milk prices may be encouraging more farmers to raise dairy cows, although the volatile nature of the dairy industry still poses risks, especially to small households |
| A farmer feeds dairy cows in Ham Tu Commune, Khoai Chau District, Hung Yen Province. |
The price of milk has increased three times this year, from VND5,000 per kg at the beginning of the year to VND7,200 at present, and domestic supplies of fresh milk are not keeping up with demand.
Dan Chu Hamlet in Hung Yen Province’s Binh Minh Commune has two major dairy processing plants, owned by Vinamilk and the Viet My company. Local dairy farmer Hoang Huu Diem said the two companies were vying with each other to purchase fresh milk from farmers in the hamlet.
If one company raised its buying price today, the other would immediately match it tomorrow, said Diem.
"The two companies are now purchasing milk at a price of about VND7,100 per kg," he said, noting that the price was bringing local farmers a handy profit.
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Source: Viet Nam News
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