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Wednesday, July 24, 2024

Pork imports may ebb away late this year

The Saigon Times

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HCMC – Vietnam’s meat imports will not spike later this year, while pork imports are likely to decrease, the Ministry of Industry and Trade (MOIT) reported.

Data from the General Department of Vietnam Customs showed Vietnam imported over 191,000 tons of meat and meat products worth some US$417 million during the third quarter, up 4.4% in volume and 24.4% in value over the same period of 2021.

However, pork imports in the third quarter dropped by 24.4% in volume and 30.6% in value over last year, at over 31,700 tons valued at US$67 million. 

The decrease resulted from the abundant supply of pork domestically, while imports of beef, poultry and buffalo meat were on the rise, MOIT said. 

India took the lead with 37,350 tons valued at US$125.84 million, up 164.9% in volume and 180.7% in value year-on-year, followed by the U.S., Brazil, South Korea and Russia.

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