Cheap imported meat is massively imported into Vietnam, will domestic pork prices be affected?

Published 2024년 7월 15일

Tridge summary

Vietnam has experienced a significant increase in imported meat and meat products, with a 32.1% rise in volume and a 28.6% increase in value in May compared to the same period last year. The total import volume and value have grown by 29% and 25.2% respectively in the first five months of the year. The country imports from 41 markets, with India, the US, Russia, Poland, and Brazil being the largest suppliers. However, the affordability of imported meat is raising concerns about food safety and unfair competition with domestic products. Experts recommend the implementation of stricter import standards to protect local products and farmers.

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

Original content

The amount of imported meat increased. According to the latest data from the Import-Export Department (Ministry of Industry and Trade), in May, Vietnam imported 76,120 tons of meat and meat products, worth 140 million USD. Compared to the same period last year, this number increased by 32.1% in volume and 28.6% in value. This is the 5th consecutive month that the amount of imported meat and meat products has increased compared to the same period in 2023. Accumulated in 5 months, Vietnam has imported 304,850 tons of meat and meat products, with a total value of 597,000 tons. million USD, an increase of 29% in volume and 25.2% in price compared to the same period last year. Each kilogram of imported meat and meat products has an average price of 46,000 - 47,000 VND, down 2% over the same period last year. Vietnam imports meat and meat products from 41 markets, of which India, the US, Russia, Poland and Brazil are the largest suppliers. Most imported meats include frozen pork, beef, ...

Source: Danviet