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Update news Pig farming industry
It is now the high sale season, but pig prices are still at a deep low, leaving farmers with big losses. There is no sign of recovery.
The pig-raising industry needs a long-term development strategy seeing as the price of animal feed is nearly 70 per cent of total costs, said deputy minister of Agriculture and Rural Development Phung Duc Tien.
The live pig prices have witnessed a significant drop recently, resulting in substantial losses for farmers. The pig farming industry is struggling to remain afloat and overcome this challenge.