Vietnam spends nearly 2 billion USD importing meat

Vietnam's total import turnover of livestock products in the first six months of 2021 is estimated at 1.82 billion USD, a year-on-year increase of 8.9 percent.

The latest data from the Ministry of Agriculture and Rural Development showed that Vietnam imported about 70,000 tonnes of pork and pork products by the end of the first six months.

In addition, the import of milk and dairy products is estimated at 650 million USD (up 14.5 percent), raising the import value of meat, meat by-products and edible animal by-products to 727 million USD (up 51.5 percent).

The country imported 12,800 breeding pigs and over 2.2 million breeding poultry in the first six months of the year.

The main meat import markets of Vietnam are Russia, the US, India, the Netherlands and Poland.

Russia was the largest market supplying meat and meat products to Vietnam after the first five months of this year with 45,750 tonnes, worth 97.49 million USD, up 493.2 percent in volume and up 437.5 percent in value over the same period in last year.

The Tien Phong (Vanguard) newspaper quoted Nguyen Van Trong, Deputy Director of the Livestock Breeding General Department under the Ministry of Agriculture and Rural Development, as saying that due to the influence of African swine fever, the amount of imported pork from other countries to Vietnam increased sharply.

For example, Vietnam imported more than 141,000 tonnes of fresh, chilled or frozen pork last year, worth 334.44 million USD, up 382 percent in volume and 502.9 percent in value compared to 2019.

Trong said Vietnam had continued to maintain a large amount of imported pork from the beginning of the year until now, but in fact, foreign pork only accounted for about four percent of the total amount of meat in the country, so it was not a concern.

He also added that in the context of the COVID-19 pandemic, pork consumption is falling sharply, so it was forecast that the amount of meat imported this year would be less than last year.

As of June, the re-herd work of the livestock industry has achieved positive results – the pig herd increased by 11.6 percent with meat output reaching more than 2 million tonnes.

Cattle and poultry herds recovered with a total meat output of all kinds estimated at 3.16 million tonnes, a year-on-year growth of 22.58 percent.

The biggest concern then was for farmers. While the prices of products were low, production costs were high, plus the pandemic made it difficult to transport, meaning farmers are facing the risk of losses, Trong said.

He also said that live hog prices fell sharply, but consumers still had to bear high purchase prices.

The average price of pork in the markets is still at 120,000 - 130,000 VND (about 5 USD) per kilogramme.

The reason was that there were too many intermediary stages in the process of distributing pork to the market, leading to difficulties between the three stages of production, supply and consumption.

Source: Vietnam News Agency