World meat industry news

The latest data from the Ministry of Agriculture and Rural Development showed that Vietnam imported about 70,000 tonnes of pork and pork products by the end of the first six months, reported The Star newspaper. The main meat import markets are Russia, the US, India, the Netherlands and Poland. Russia has become the main supplier of meat products in the Vietnamese market, reaching almost 50,000 tonnes shipped in the first six months of 2021, up 500% from the same period last year. The value of meat exports to Vietnam has surpassed $100 million, marking an increase of 450% compared with H1 2020.

Since 2020, Vietnam has increased pork imports to cover a deficit in the domestic market. However, even if the trend is still present in the market, officials from the Ministry of Agriculture say that the volume of pork imported represents about 4% of the total volume of meat in the Vietnamese market. According to official data, the re-herd work of the livestock industry has achieved positive results due to high figures in livestock imports. The country imported 12,800 breeding pigs and over 2.2 million breeding poultry in the first six months of the year. As a result, the pig herd increased by 11.6%. with meat output reaching more than 2 million tonnes, while cattle and poultry inventories recovered with a total meat output of all kinds estimated at 3.16 million tonnes, a year-on-year growth of 22.58%. The average pork price in the Vietnamese market is about $5/kg.