October 4, 2012

New Zealand still Vietnam's biggest dairy provider

New Zealand stays as Vietnam's main dairy provider in the first eight months of 2012 with export revenues of US$158.58 million.

The figure accounted for 26.4% of Vietnam's total dairy products imports, which was valued at US$600.23 million during the period, New Zealand's Ministry of Agriculture and Rural Development. said.

The US and Germany followed with respective import values of US$91.48 million and US$46.77 million.

Other main suppliers of dairy products for Vietnam included Singapore, France, Thailand, Malaysia, Denmark and Poland, with export values ranging from US$44.18 million to US$15.31 million, the ministry said.

Vietnam's output of fresh milk meets around 28% of total demand of the local dairy production and the country needs to import huge volume of powder for domestic production.

In 2011, the country spent US$848 million on dairy products imports, up 19.7% on year.

Due to heavy reliance on imports, prices of dairy products in Vietnam are higher than that in numerous countries in the regions and the world.