Demand for beef up in Vietnam

The ministry’s Livestock Department reported that Vietnam imported 262,321 live cattle and nearly 42,000 tonnes of meat (mainly beef with bone) worth a total of US$410 million. Meanwhile, the nation imported more than 6,500 tonnes of pork worth a total of about US$11.07 million, and more than 81,000 tonnes of poultry, valued at more than US$75.7 million. The department said imported meat was sold much cheaper than local produce. For example, United States and Australian beef cost from VND100,000-500,000 per kilo. Indian beef ranged from VND90,000-150,000 per kilo, while imported chicken prices ran from VND35,000-60,000 per kilo. Deputy director of the department, Tong Xuan Chinh, said Vietnam had an excess of pork. Production reached 29.1 million tonnes in 2016, causing the pork price crisis of 2017. The nation needs only about 27 million pigs to meet domestic demand, leaving a small volume for export. In term of poultry, Vietnam raised more than 385 million heads in 2017, a year-on-year increase of 6.6%. This amounted to more than 1 million tonnes of meat and more than 10 billion eggs. Domestic poultry output has met local demand and the gap between imports and exports is not large. Chinh said Vietnam seriously lacked red meat, mainly beef. The demand increased every year. The reasons related to huge changes in food consumption. People nowadays prefer beef to pork and chicken. Therefore, in 2017, domestic demand for beef had a year-on-year increase of 4-5% to about 260,000 tonnes. However, the local development of cattle grew at… [Read full story]

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