Vietnam pork producers face pressure from imports

01.11.2016

The EU-Vietnam Free Trade Agreement will see import tariffs on meat from the EU to Vietnam reduced within 3-7 years. Similarly, the country opened its market to Russia and Canada. According to Rabobank, the growth in the supply of cheaper foreign pork meat in Vietnam is likely to put more pressure on local producers, who are already reeling from a supply/demand imbalance due partly to an expansion earlier this year that resulted when Chinese traders began buying large numbers of live pigs due to the shortage in China.

However, by August shipments stopped leaving producers with too many pigs for the local market.


asian-agribiz

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