Vietnam beef imports from Australia surge
(VOV) - Lower priced foreign beef has caused imports to surge 65% on-year to 87,300 tonnes for the ten months leading up to February 2015, according to the Ministry of Agriculture and Rural Development (MARD) Department of Livestock Production.
In the month of January alone, the country has imported more than 2,350 tonnes of meat valued at US$4.6 million, principally from the Australia, which accounts for 70-80% of the market.
A representative from the department said that with advantages of quality and price, foreign meat is slowly overwhelming the domestic market adding that the price of domestic chicken is higher as well.
In the southern region, domestic chicken prices have been hovering around VND40,000-45,000 per kilogram, more expensive than imported fowl, which has been selling for VND35,000 per kilogram.