January 14, 2020
The Ministry of Industry and Trade expects supply of pork to drop by 200,000 tons in Q1 2020. While farmers have not shown signs of re-herding, imports is the feasible and fastest way to make up for the shortage. Deputy Prime Minister Vuong Dinh Hue has assigned relevant agencies to import 100,000 tons of pork mainly from Brazil, US, and some European countries. Imported meat cost USD 2/kg, about 70% of the domestic retail price.