Citing data from the General Department of Customs, the Ministry of Industry and Trade said that in May, the whole country imported 71,400 tons of meat and meat products with a value of US$138.08 million, up 70.3% in volume and up. 117.1% in value compared to May 2020. In the first 5 months of 2021, Vietnam imported 307,420 tons of meat and meat products with a total value of USD 602.45 million, up 17.7% in volume and 45% in value over the same period last year. 2020. In general, the 5 largest markets supplying meat and meat products to Vietnam are Russia, the US, India, the Netherlands and Poland which are the 5 largest markets supplying meat and meat products to Vietnam. Vietnam. Russia leads the way as the largest market supplying meat and meat products to Vietnam after the first five months of this year with 45,750 tons, worth $97.49 million, up 493.2 percent in volume and 437.5 percent in volume. % in value over the same period in 2020.
Particularly, imports of chilled or frozen fresh pork increased sharply when reaching 63,500 tons, valued at 146.41 million USD, up 142.2% in volume and up 130.5% in value over the same period in 2020. Specifically, in May, Vietnam imported chilled or frozen raw meat from 9 markets, of which mainly imported from Australia accounted for 37.8%, Canada accounted for 28%, the US accounted for 18.7%, Denmark accounted for 28%. accounted for 7.7%... But in the first 5 months of this year, Russia also took the lead when supplying Vietnam with 27,410 tons of pork with a value of 74.96 million USD, increasing 6 times in volume and nearly increasing 5.5 times in value over the same period in 2020. The average import price reached 2,751 USD/ton, down 9% over the same period in 2020.
According to the Ministry of Industry and Trade, the domestic live hog price is currently ranging from 63,000-71,000 VND/kg, down 1,000-2,000 VND/kg compared to the end of May. The domestic live hog price continues to decline due to the consumption market. Slow down under the influence of the Covid-19 outbreak, dining and tourism activities are limited, despite the move to temporarily suspend the import of live pigs from Thailand, while the supply is ensured as farmers gradually herds recovery, the herd repopulation in the localities took place smoothly.
But it is expected that hog prices will recover in the third quarter of 2021 thanks to the control of the disease, boosting consumption demand, but it will be difficult to spike. According to experts, the fact that farmers are cautious in re-herding can help the market become balanced at the moment, helping businesses better manage financial problems. However, if this situation continues for a long time, it will lead to a supply shortage in the near future. When the Covid-19 epidemic stabilizes, the demand for food for the processing industries, restaurants and kitchens will be huge.
Vietnamese enterprises wishing to import pork, beef, chicken with guaranteed quality, unambigous origin and reasonable prices from reputable businesses in Russia, please contact PPISourcing to be connected with the right supplier.
Source: Thanh Nien News
