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Vietnam imported 141,140 tons of fresh, frozen or chilled pork last year, worth $334.4 million.
Illustrative photo: VNExpress
According to data from the General Department of Customs, Vietnam imported 141,140 tons of fresh, frozen or chilled pork last year, worth $334.4 million. The average price of pork imported to Viet Nam’s ports was about US$2.2 per kilo, equivalent to VND50,000, VNExpress reported.
Compared to 2019, pork imported to Vietnam soared by 382% in volume and more than 500% in value. The country mainly imported pork from markets such as Brazil, Russia, Poland, the U.S, Canada, etc. In which, Brazil accounted for the largest proportion (24.5%), reaching more than 34,600 tons.
According to the Ministry of Agriculture and Rural Development, Vietnam has approved for 24 countries to export meat and meat products of cattle and poultry to the nation. In which, more than 800 enterprises from 19 countries have been allowed to export pork and pork products to Vietnam.
In 2020, Vietnamese enterprises imported 43,322 breed pigs of all kinds, mainly from Thailand, Canada, the U.S, Denmark and Taiwan. In which, the number of “great grandparents” pigs was 1,383, “grandparents” pigs reached 4,227, and “parents” pigs stood at 37,712.
The price of live pigs currently fluctuates in the range of 80,000 - 84,000 VND (US$3.5 – US$3.67) per kg
In January, the live hog price rose in many provinces across the country due to an increase in the consumption demand. The price of live pigs currently fluctuates in the range of 80,000 - 84,000 VND (US$3.5 – US$3.67) per kg, up 3,000-5,000 VND (US$ 0.13- US$ 0.22) compared to the end of December last year.
As usual, the consumption demand for pork before and after the Lunar New Year tends to increase sharply, leading to an increase in the live hog prices. In addition, the market is short of supply as the livestock industry has encountered many difficulties caused by the Covid-19 pandemic, along with African swine fever, floods in the Central region, etc are among reasons that can make the live hog prices from now until the Lunar New Year difficult to reduce.
To ensure the supply and stable price of pork for the upcoming Lunar New Year, the Ministry of Industry and Trade said that many firms have prepared raw materials early as well as planned to ramp up to bring their products to the market right before Tet. The distribution enterprises have also implemented many price stabilization programs with commitments to supply quality pork at a stable price to consumers.
The ministry forecasts during this Tet holiday, the demand for livestock products, especially meat and eggs will increase by 5-10% compared to the average level. In particular, the demand for meat of all kinds is expected to reach about 250,000 - 350,000 tons a month.
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