Vietnam to buy more American, European pork
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Fifty more pork producers in the U.S., France and Belgium will export to Vietnam where African swine fever has decimated pig herds.
The Ministry of Industry and Trade said this is in addition to the more than 1,600 foreign pork exporters who had already been identified.
This follows Deputy Prime Minister Vuong Dinh Hue’s call for importing 100,000 tonnes in the first quarter of this year to stabilize pork prices. Imported pork costs VND35,000 ($1.5) per kilogram, a fraction of domestic prices.
In the Mekong Delta, prices have recently fallen by 20 percent to VND80,000 ($3.5), while in northern localities, they are down 10 percent to VND90,000 ($3.9).
African swine fever, which is fatal to pigs but does not affect humans, broke out in February, causing pig numbers to fall by more than 25 percent between January and December last year, according to the Ministry of Agriculture and Rural Development.
Pork output fell 14 percent to 3.29 million tonnes, it added. Imports more than doubled in January-November to 110,000 tonnes.
Questions & Answers
Q.How many additional foreign pork producers are now approved to export to Vietnam?
How many additional foreign pork producers are now approved to export to Vietnam?
Fifty more pork producers from the U.S., France, and Belgium will now export to Vietnam. These are in addition to the over 1,600 foreign exporters already identified by the Ministry of Industry and Trade.
Q.What is the reason for Vietnam increasing its pork imports?
What is the reason for Vietnam increasing its pork imports?
African swine fever has significantly reduced pig numbers in Vietnam, causing a 14 percent drop in pork output. Increased imports are intended to stabilise pork prices across the country.
Q.How do imported pork prices compare to domestic prices in Vietnam?
How do imported pork prices compare to domestic prices in Vietnam?
Imported pork costs VND35,000 per kilogram, which is significantly cheaper than domestic prices. For example, domestic prices are VND80,000 in the Mekong Delta and VND90,000 in northern areas.
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