Buffalo meat imported into Vietnam continues to increase

Published 2022년 9월 2일

Tridge summary

The article reports a rise in the price of live hogs in Vietnam's domestic market in late August, with prices ranging from 62,000 to 70,000 VND/kg across different regions. This increase is expected to further with the reopening of school canteens. Despite high animal feed prices, the livestock herd has grown from the beginning of 2022, with a projected demand for 51 million pigs at at a growth rate of 4.8% compared to the same period in 2021. However, farmers are seeking financial support to maintain and grow their herds due to high feed prices. Additionally, Vietnam's imports of meat and meat products have decreased in both volume and value compared to the same period in 2021, with the exception of buffalo meat, and India remains the largest supplier of these products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Information from the Import-Export Department - Ministry of Industry and Trade, the domestic market at the end of August, the price of live hog increased by 1,000-2,000 VND/kg compared to the end of July. In the North, live hog prices are 65,000-70,000 VND/kg, in the Central and Central Highlands 63,000-70,000 VND/kg, in the South, live hog prices are 62,000-70,000 VND/kg. It is forecasted that in the coming time, the domestic live hog price will be around 65,000 - 70,000 VND/kg and tend to increase when the school canteens are back in operation. Besides, although the price of animal feed is still high, from the beginning of 2022 until now, with solutions that are not too dependent on industrial feed, the livestock herd has still grown compared to the same period in 2021. In 2022, it is expected that the demand for pigs will be about 51 million heads, with a herd growth rate of about 4.8% compared to the same period in 2021. However, in the context that the price of animal feed ...

Source: Vietstock