Business

Vietnam's livestock product exports up in Q1

Vietnam saw a year-on-year increase of 4.8% in livestock product export turnover to 113 million USD in the first quarter, according the Ministry of Agriculture and Rural Development (MARD).
Vietnam's livestock product exports up in Q1 ảnh 1Workers process pork. Vietnam's export value of meat and edible meat offal reached 38.2 million USD in the first quarter of this year. (Photo: VNA)
Hanoi (VNS/VNA) - Vietnam saw a year-on-year increase of4.8% in livestock product export turnover to 113 million USD in the firstquarter, according the Ministry of Agriculture and Rural Development (MARD).

Duong Tat Thang, Director of the Department ofLivestock Production, saidthe export value reached 38.2 million USD from meat and edible meatoffal and 36.8 million USD from milk and milk products.

However, import turnover of livestock products in the first quarterwas estimated at about 702 million USD, down 6.7% compared to the same periodin 2023, including 336 million USD from meat and edible meat offal, and 236million USD from milk and milk products.

Vietnam also imported 518 pigs; 1,657 cows and 583,783 chickens.

In the first three months, the domestic livestock industryimported 4.85 million tonnes of animal feed ingredients worth of 1.65 billionUSD, an increase of 6.4% in volume but a decrease of 12.3% in value compared tothe same period last year.

The department also reported that in the three regions nationwide,the price of live hog in early 2024 increased rapidly compared to the end of2023. 

An average price was 53,000 VND per kilo in January. It surged by 3,000-4,000VND per kilo in February and 1,100 VND per kilo to 58,100 VND in March.

Now, the price stands at 58,000-62,000 VND per kilo depending oneach province and city.

The average price of live hog in the first quarter of thisyear was up by 9.7% compared to the same period in 2023. With thatprice, farmers have gained a profit of 5,000-6,000 VND per kilo.

In the second quarter, the Department ofLivestock Production willcoordinate with the Department of Animal Health and relevant units to closelymonitor supply and prices of animal feed ingredients at home and abroad, aimingat taking timely measures to minimise the impact on the livestock industry'sproduction and business.

They will also conduct measures to strictly control the tradingand transportation of cattle, poultry and related products, especially atborder gates, trails and hiking areas in border zones. 

They will coordinate with relevant units to handle violations ofthe quality of livestock breeds and animal feed./.
VNA
#livestock products #livestock production #meat #milk products #livestock industry #animal feed #Ministry of Agriculture and Rural Development #updated Vietnam news #Vietnamplus #Vietnam News Agency
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