Pork imports see 50% increase as domestic prices rise

The country bought meat and meat products from 35 markets around the world. The US accounted for 30% of total national imports, followed by the Republic of Korea at 10.9%.

Despite the overall decrease in the volume and import value of meat and meat products, Vietnam purchased 678 tonnes of pork worth US$1.03 million from foreign markets in June, a rise of 50.4% in volume and 50.7% in value compared to one month earlier.

The average price of imported pork reached US$1,524 per ton, up 0.1% compared to the previous month.

On the domestic market, from the beginning of July, live pig prices in the northern region have ranged between VND51,000-VND55,000 per kilo. The recent rise in prices has led the price of live pigs in Bac Giang and Hung Yen provinces to reach a two-year record high at VND55,000 per kilo.

In the central region and Central Highlands, the price of live pigs saw a slight fluctuation from between VND43,000-VND53,000 per kilo while that in the south stood at VND48,000 per kilo.