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vietnam meat market
Update news vietnam meat market
Vietnam’s meat imports 40 times more than exports
Vietnam imported 40 times more meat than it exported from January to October 2021, according to the Agency of Foreign Trade under the Ministry of Industry and Trade.
Imported beef grabs 70% of market share
Vietnam imported 70 percent of its beef this year, with domestic beef accounting for only 30 percent of the market.
Pig imports push domestic pork prices down
Efficient reproduction of pigs and enhancing imports of frozen pork and live pigs have made prices of live hogs fall, according to the Ministry of Agriculture and Rural Development (MARD).
Pork supply and demand to be in balance by year-end: official
The domestic short supply of pork is expected to be offset by imports, but it is difficult to import pork now because of a decline of 12 percent in global supply of pigs, mostly caused by Asian Swine Fever (ASF).
Group set up to inspect VN pork market
The Ministry of Industry and Trade has founded a group to inspect the pork market which saw prices at high levels since the end of 2019 despite the Government’s effort to increase supply to make up for the drops caused by African swine fever.
Local husbandry industry competes against imported meat
VietNamNet Bridge - Vietnam spent more than US$556 million to import nearly 480,000 tons of meat of all kinds in January-October of 2015, an increase of $150 million compared with the entire year in 2014.
