meat market

Update news meat market

According to a recent report by Fitch Solutions (USA), Vietnam’s total meat consumption is forecast to grow by over 25% in the period 2018-2026.

Vietnamese giants invest trillions of dong in raising pigs

As pork consumption is expected to rise in the short term, many big companies are injecting trillions of dong into pig farming, with a market value estimated at up to 15 billion USD.

Pork price hits 20-year record high in 2020

Pork became very expensive in 2020 as Vietnam had to import pork to satisfy domestic demand.

Rising price of pigs yields expansion across the board

The price of pigs in Vietnam, which while dropping remains much higher than before the global health crisis, is being deemed the main factor creating breakthrough profits for husbandry groups, 

Official warns of illegal pork imports from Cambodia, Thailand

Deputy Minister of Industry and Trade Do Thang Hai has warned localities of illegal pig and pork imports from Cambodia and Thailand.

 

Vietnamese chicken farmers incur big losses due to oversupply

Vietnamese chicken farmers are facing big losses as prices have sharply fallen due to rising supply.

Big pork shortage looms over Vietnam

As of June 24 ASF had broken out in 60 of the country’s 63 provinces and cities, and more than 2.6 million pigs had to be culled, severely affecting the pork demand-supply balance.

 

 

Vietnamese farmers in misery because of imported meat

 VietNamNet Bridge – In the last months of the year, Vietnam’s imports of meat have soared.Despite import taxes, many kinds of imported meat are cheaper than domestic products.

Import meat sold at below production costs in Vietnam

 VietNamNet Bridge – Australian beef has been flooding supermarkets. In the first 10 months of 2013, the import chicken and pork increased by three folds over 2012.