Vietnam increases pork imports to cool off rising domestic prices
Vietnam imported more than 141,000 tonnes of pork worth 334.4 million USD in 2020, representing a rise of 382 percent and 500 percent over the previous year, respectively, customs statistics showed.
Vietnam imported more than 141,000 tonnes of pork worth 334.4 million USD in 2020. (Photo: VNA)
Hanoi (VNS/VNA) – Vietnam imported more than 141,000 tonnes of porkworth 334.4 million USD in 2020, representing a rise of 382 percent and 500 percentover the previous year, respectively, customs statistics showed.
The increase in imports was to make up for the shortage in pork supply causedby African swine fever which pushed up domestic prices in the first months of2020.
The pork was mainly imported from Brazil, Russia, Poland, the US and Canada.Brazil was the largest exporter of pork to Vietnam last year, accounting for24.5 percent of the import volume.
The average pork import price was 2.2 USD per kilo.
According to the Ministry of Agriculture and Rural Development, Vietnamapproved 25 countries to export livestock and poultry meat to Vietnam,including more than 800 enterprises from 19 countries allowed to export pork toVietnam.
Vietnam imported more than 43,300 pigs for breeding, mainly from Thailand,Canada, the US, Denmark and Taiwan (China).
Live hog prices tended to increase in many provinces across the country fromearly January due to increases in consumption demand ahead of Tet (Lunar NewYear) to around 80,000 – 84,000 VND (4 USD) per kilo, around 5,000 VND higherthan the end of December.
However, in recent days, pork prices decreased by around 1,000-5,000 VND perkilo.
Nguyen Van Trong, Deputy Director of the ministry’s Department of LivestockProduction, said pork prices dropped in recent days because processingcompanies reduced their purchases as they had enough goods for consumptionduring Tet.
The enhanced prevention against smuggling of pork to China together with theincrease in supply also helped lower pork prices.
Now Vietnam had 27.3 million pigs, an increase of 21 percent over a year agoand equivalent to 88.7 percent of the time before the disease occurred.
The Ministry of Industry and Trade said that early preparations were made toensure enough supply of pork for Tet with many enterprises launching pricestabilisation programmes./.
The Ministry of Industry and Trade (MoIT) recently issued Directive No.15 on the implementation of measures to ensure essential consumer goods are available during the upcoming Lunar New Year (Tet) holiday and to stabilise the market.
The Ministry of Industry and Trade (MoIT) has directed localities, enterprises, and relevant agencies to review the supply and demand of goods and establish supply plans for the upcoming Lunar New Year (Tet) holiday, especially in the context of the ongoing new outbreak of COVID-19.
A wide range of essential goods commonly consumed during the upcoming Tet (Lunar New Year) holiday have been adequately stockpiled and are now available for distribution at stabilised prices in Ho Chi Minh City.
With a week to go for Tet (the Lunar New Year) sales of goods bought to celebrate the Lunar New Year have increased by 30-40 percent from normal times, according to market observers.
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Vietnam imported more than 141,000 tonnes of pork worth 334.4 million USD in 2020. (Photo: VNA) 
