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December 30, 2019

 

Vietnam set to import 100,000 tonnes of pork until Q1 2020

 


The country aims to ensure adequate pork supplies for the upcoming holiday season at stabilised prices, reported VnExpress Vietnam.

 

Do Thang Hai, Vietnam Deputy Minister of Industry and Trade said authorities are connecting local importers with possible overseas pork sources supplying the meat at reasonable prices.

 

Nguyen Huynh Trang, Deputy Director of Ho Chi Minh City's Department of Industry and Trade said Vietnam's pork supply has fallen by as much as 50%, compared to before the African swine fever outbreak which was first discovered in the country in February this year.

 

Trang said Dong Nai, a major pork producing province reported a 34% drop in swine production, with Dong Thap, another Vietnam province, reporting a 42% fall.

 

She added that pork consumption in Ho Chi Minh city has dropped 30% year-on-year with prices now tripling since March to 90,000 VND (~US$3.90; 10,000 VND= US$0.43) per kilogramme due to dwindling supplies.

 

Trang said pork imports would not mean cheaper pork for Vietnam, as taxes and preservation costs would be added. She said a removal or reduction of import taxes should be implemented.
 

Nguyen Xuan Phuc, Vietnam Prime Minister said increasing pork prices are because of speculators disseminating pork supply shortage rumours, as well as suppliers holding onto stock projecting prices will increase further.

 

Vietnam government agencies have estimated a decline of between 200,000 to 300,000 tonnes of pork in 2019.

 

The Ministry of Finance said pork imports to Vietnam between January to November 2019 reached 110,000 tonnes, more than doubled year-on-year.

 

-      VnExpress Vietnam

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