Vietnam to begin export of milk to China
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Vietnam will export milk for the first time to China in October to make up a shortfall there. China has given export permits to five Vietnamese companies — Vinamilk, TH True Milk, Moc Chau Milk, NutiFood, and Hanoimilk — Tong Xuan Chinh, deputy head of the Ministry of Agriculture and Rural Development’s department of livestock production, said.
Vietnam’s dairy exports are set to rise from $120 million last year to $300 million next year with the addition of this new market, he added.
A spokesperson for Vinamilk, the country’s largest dairy company, said it would first export yoghurt to China.
Milk production in China, the world’s second largest dairy market behind the U.S., only meets around 75 percent of demand, according to its Ministry of Agriculture and Rural Affairs.
China is set to import 39.43 million tons of milk and other dairy products this year, including 750,000 tons of fresh milk and 650,000 tonnes of milk powder, it said.
Vietnam’s dairy output rose 6.9 percent to 936,000 tons last year, and is set to rise to one million tons next year and two million tons by 2030, according to the country’s agriculture ministry.
It exports dairy products to 46 markets with 70 percent going to the Middle East, it added.
Questions & Answers
Q.Which specific dairy products will Vietnam initially export to China?
Which specific dairy products will Vietnam initially export to China?
Vinamilk, Vietnam's largest dairy company, has stated it will first export yoghurt to China. The article doesn't specify if the other four permitted companies will also start with yoghurt or other products.
Q.What is the expected increase in Vietnam's dairy exports due to this new market?
What is the expected increase in Vietnam's dairy exports due to this new market?
Vietnam's dairy exports are projected to rise from $120 million last year to $300 million next year. This significant increase is attributed to the addition of China as a new export market.
Q.How much of China's domestic milk demand is currently met by its own production?
How much of China's domestic milk demand is currently met by its own production?
China's milk production currently meets approximately 75 percent of its domestic demand. This shortfall is the reason for China's increased need for imported milk and other dairy products.
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