Vietnamplus

The volume of foodstuffs pouring into Ho Chi Minh City’s wholesale markets has been increasing rapidly in recent days and prices are mostly steady.

Russia’s pork exports to Vietnam plunged 39 percent year-on-year in November due to the latter’ abundant domestic supply and increasing competition from the US, according to the Russian Federal Center for the Development of Export of Agricultural Products (Agroexport).

Russian food supplier Miratorg announced that it has exported 40,000 tonnes of pork to Vietnam so far this year and become the country’s largest meat provider.

China was Vietnam’s largest meat buyer, among its 14 foreign markets, in October, according to the Ministry of Industry and Trade’s Agency of Foreign Trade.

Vietnam's total import turnover of livestock products in the first six months of 2021 is estimated at 1.82 billion USD, a year-on-year increase of 8.9 percent.

The International Finance Corporation (IFC) has invested 1 trillion VND (43 million USD) into the GreenFeed Vietnam Corporation to help it expand its pork production activities.

Russia earned 130.5 million USD from exporting 63,500 tonnes of pork and viscera to Vietnam in 2020, equivalent to 25 percent of Vietnamese pork imports, thereby becoming the largest pork supplier to the Southeast Asian nation.

Philippine President Rodrigo Duterte has decided to reduce the tariffs on imported rice to ensure food security, and protect consumers in the world’s largest importer of the grain.

Vietnam imported more than 141,000 tonnes of pork worth 334.4 million USD in 2020, representing a rise of 382 percent and 500 percent over the previous year, respectively, customs statistics showed.

The imported pork and declining meat consumption have pushed pork prices down, helping stabilise the consumer price index.

According to the Minister of Agriculture and Rural Development, the agriculture sector earns 40 billion USD from shipping farm produce to 120 countries, however, there are few products from the livestock industry such as honey, salted eggs and suckling pigs.

Efficient reproduction of pigs and enhancing imports of frozen pork and live pigs have made prices of live hogs fall, according to the Ministry of Agriculture and Rural Development (MARD).

With huge inflation pressure on the way in the remaining months of this year, a close watch must be kept on the prices of key products like oil and pork to hit the goal of keeping inflation below 4 percent, experts have said.

The consumer price index (CPI) is projected to increase by between 3.5 percent and 4 percent this year, according to experts at a seminar held in Hanoi on July 2, which focused on national market and price movements in H1 and forecasts for the whole year.

The June consumer price index (CPI) rose 0.66 percent month-on-month and 3.17 percent year-on-year but was down 0.59 percent against December 2019, the General Statistics Office reported on June 29.

The first batch of 500 live pigs imported from Thailand arrived at a quarantine area in north-central Nghe An province on June 18.

Vietnam imported about over 67,600 tonnes of pork from the start of the year to May 30, a year-on-year surge of 298 percent, according to the Ministry of Agriculture and Rural Development.

The Ministry of Agriculture and Rural Development has given the green light to the importation of live pigs from Thailand for farming and slaughter, starting from June 12.

Vietnam imported about 67,640 tonnes of pork from the start of the year to May 30, a year-on-year surge of 298 percent, according to the Ministry of Agriculture and Rural Development (MARD).

The Ministry of Agriculture and Rural Development has issued an official document to request 20 provinces and cities to take drastic and synchronous measures to prevent and control African swine fever (ASF).