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October 13, 2011

 

Vietnam's meat prices up despite ample supply

 

 

The Vietnamese media reported Wednesday (Oct 12) that despite growing supplies, meat and chicken prices are still high in Vietnam's localities.

 

The newspaper said that prices of meat and chicken have decreased only by 9-10% or less from June and July while prices of pigs and chicken offered by farmers fell sharply by between 30% and 40%.

 

The poor distribution system in the northern region has attributed to the big price gap between consumers and producers, said Dr Nguyen Do Anh Tuan from the Institute of Policy and Strategies for Agriculture and Rural Development (IPSARD).

 

Due to low prices offered by traders and high production costs, many farmers working in the country's livestock were forced to suspend production, said Le Ba Lich, chairman of the Vietnam Animal Feed Association.

 

The country's livestock is under threat, Lich alarmed.

 

Vietnam boosted imports of meat and chicken to cool off the local market prices in May-July. In the first nine months of this year, the country imported 14,249 tonnes of meat and 71,000 tonnes of chicken products.

 

The Southeast Asian country expects to import additional 30,000-35,000 tonnes of meat and chicken in the remaining three months this year to meet the domestic demand.

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