Viet Nam begins to import live pigs from Thailand

Jun 13th at 15:05
13-06-2020 15:05:22+07:00

Viet Nam begins to import live pigs from Thailand

The Ministry of Agriculture and Rural Development (MARD) has permitted the import of live pigs from Thailand for farming and slaughter from Friday.

 

This is the first time Viet Nam has given the green light to the import of live pigs, in a bid to counter skyrocketing live hog prices in the domestic market.

In a document sent on Thursday, the ministry assigned its Department of Animal Health to issue detailed guidance on sanitary measures for the imported pigs in line with existing regulations to prevent animal disease and ensure the safety of domestic herds.

The department’s director is also responsible for boosting its coordination with inter-sectoral agencies at ports of entry and local authorities to strictly manage the imports.

Now, there are eight Thai businesses with eligible farms to register exports of their pigs to Viet Nam, according to MARD. The number of eligible Thai businesses exporting pigs to Viet Nam could increase if Viet Nam has higher demand for live pigs for slaughter.

Prices of live pigs this morning nationwide continue on a downward trend. They dropped by VND1,000-3,000 per kilo on the domestic market compared to prices on Thursday. The lowest price on the market this morning was VND85,000 (US$3.7) per kilo.

Specifically, the prices in the northern region fell by VND2,000-3,000 per kilo to about VND88,000-97,000.

In the Central and Central Highlands markets, those prices were unchanged this morning at between VND85,000 and VND94,000 per kilo.

Meanwhile, those prices in the southern provinces dropped by VND1,000-3,000 per kilo to between VND86,000-94,000, reported the Doi song Viet Nam (Viet Nam Life) newspaper.

Viet Nam is importing pork to increase supply for the domestic market with a target of reducing pork prices on the market that have surged over a long time to a record high level and even up to VND103,000 per kilo last week.

However, the ministry said at present, pork imports are facing difficulties due to low supply on the global market during the COVID-19 pandemic, leading to unaffordable prices.

The rising price of pork has been directly affecting the consumer price index (CPI) because the pork price accounts for 70 per cent of consumers’ food costs.

MARD said in the first five months of this year, Viet Nam imported about 67,638 tonnes of pork, an increase of 298 per cent compared to the same period in 2019, mainly from Canada, Germany, Poland, Brazil, the US, Spain and Russia.

Viet Nam has imported more than 7,700 piglets, an increase of more than 300 per cent year on year.

bizhub



RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Viet Nam wins bid to supply 60,000 tonnes of rice to Philippines

Viet Nam has won a tender offered by the Philippines to export 60,000 tonnes of rice to the partner country at a higher price than that of countries which won the...

US probe into Vietnam plywood imports should be fair: Spokesperson

Vietnam remains steadfast on pursuing bilateral economic relations with the US towards harmonization and sustainability, according to the Ministry of Foreign...

Vietnam Jan-May rice exports up 12.2% y/y to 3.09 mln tonnes: customs

Vietnam exported 3.09 million tonnes of rice in the first five months of this year, up 12.2% from a year earlier, official customs data released on Thursday showed.

Footwear exports to the US set for tough year

Footwear exports to the US have been forecast to struggle in the remaining months of this year due to falling demand, though it recorded a 10 per cent increase in...

Australia initiates anti-dumping investigation on painted steel trapping from Viet Nam

Australia’s Anti-dumping Commission has initiated an investigation into alleged dumping and subsidisation on painted steel trapping exported to Australia from China...

Imported pigs from Thailand expected to reduce Viet Nam’s pork price

The price of live hog in the Vietnamese market decreased recently after the Ministry of Agriculture and Rural Development (MARD) allowed imports of pigs from...

Pork imports rise nearly 300 pct in five months

Vietnam imported about 67,640 tonnes of pork from the start of the year to May 30, a year-on-year surge of 298 percent, according to the Ministry of Agriculture and...

Finance ministry wants to cut 30 per cent of environment protection tax on jet fuel

The Ministry of Finance has proposed to cut environmental protection tax on jet fuel by 30 per cent, from VND3,000 to VND2,100 per litre.

Tra fish industry strives to increase domestic market share

The Ministry of Agriculture and Rural Development opened an event in Ha Noi on Tuesday to promote the domestic consumption of tra fish products.

Supermarkets to help lychee farmers sell their produce

Several large supermarket chains have pledged to support the consumption of lychees as the fruit enters the harvest season in the northern provinces of Bac Giang...

Commodity prices


MOST READ


Back To Top