June 17, 2011

 

Surging agri exports to China jack up food prices in Vietnam

 

 

The increasing unofficial exports of many kinds of food items including poultry eggs, and pigs to China have resulted in higher prices across Vietnam.

 

Many Chinese traders have come to Vietnam and begun competing with local companies in buying farm produce.

 

After a brief lull lasting several months, Chinese traders have also resumed in recent weeks buying pigs from Vietnam, especially those weighing between 80kg-120kg each. Every day, traders buy thousands of pigs in Mekong Delta to export to China, pushing pork prices up in the domestic market.

 

Pork in markets throughout Ho Chi Minh city now costs VND100,000-130,000 (US$4.83-US$6.27) per kilo. Traders said chicken and fish have also been priced up.

 

While egg demand decreases by 30-40%, some businesses in Vinh Long province and Can Tho city have collected large quantities of fresh eggs to make salted duck eggs for export to China.

 

The Animal Health Centre in the Mekong Delta region, which issues quarantine certificates, also confirmed that the export of salted duck eggs to China by enterprises in Vinh Long and Can Tho provinces has increased remarkably recently.

 

The price of poultry eggs in HCM City markets has risen significantly, with salted duck eggs now costing VND5,000 (US$ 0.24) each, compared to VND3,500 (US$0.17) earlier.

 

Ba Huan, director of Ba Huan Co., said with the Autumn Festival approaching both in China and Vietnam, there is a huge demand for salted duck eggs, an important ingredient in the moon cake that is a festival specialty.

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