Vietnam’s meat import not expected to surge later this year
Vietnam’s import of meat and meat products is not expected to increase dramatically later this year thanks to abundant supply at home that basically meets demand, according to experts from the Ministry of Industry and Trade’s Department of Import-Export Management.
The meat counter at Coopmart Can Tho. Illustrative image (Photo: VNA)
Hanoi (VNA) – Vietnam’s import of meatand meat products is not expected to increase dramatically later this year thanksto abundant supply at home that basically meets demand, according to expertsfrom the Ministry of Industry and Trade’s Department of Import-ExportManagement.
Data from the General Department of VietnamCustoms showed that Vietnam imported 191,580 tonnes of meat and meat products worth 417.75million USD in the third quarter this year, up 4.4% in volume and 24.4% in value from the same period last year.
India, the US, Brazil, the Republic of Koreaand Russia were the biggest exporters of meat and meat products to Vietnam in the period.India took the lead with 37,350 tonnes valued at 125.84 million USD, up164.9% in volume and 180.7% in value year-on-year.
In particular, import of pork continued with the downwardtrend due to slow demand recovery while that of beef, poultry and buffalo meatwas on the rise.
In the third quarter, Vietnam spent 67.07million USD on importing 31,760 tonnes of pork, down 24.4% in volume and30.6% in value on an annualised basis.
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