Local meat defeated by cheap imported meat

Local meat price will drop more in next months because of cheaper imported meat, said deputy head of the Department of Livestock Production Nguyen Xuan Duong.
The booths to sell Vietnamese meat are seen no consumers (Photo: SGGP)
The booths to sell Vietnamese meat are seen no consumers (Photo: SGGP)
In the sidelines of the seminar “Food safety and measures to replace antibiotic in animal feeds” held in Hanoi on April 21, Mr. Duong predicted a drop in domestic pig price in next months though it is so low at present.
Pork price was under VND30,000 (US$1.3) per kilogram in the end of 2016. One of the reasons for the fall of meat price is rampant cheap imported meat in the local market, said Mr. Duong.

In spite of abundant supply of Vietnamese pork and chicken for demand, meat from abroad countries is imported rampantly. In 2016, Vietnam imported 39,400 tons of meat with average price of VND35, 900 per kilogram, and other parts of the animal fetched VND21,000 a kilogram while price of local meat fluctuated at VND40,000.

Currently, most of Vietnamese meat is exported to China with small quantity in illegal way and suckling pigs are exported to Russia, Taiwan and Hong Kong (China).

It is forecast that in May and June, the meat price will lower because consumers will prefer to have aquatic products and water fowl as the weather is so hot.

Figures from the General Department of Vietnam Customs showed that the country imported nearly 7,800 tons of meat in the first quarter, spending US$9.4 million, an increase of 16 percent in quantity and 21.2 percent in value compared to the same period last year. Average price of a kilogram of imported at the time was VND27,000.

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