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Vietnam food market weekly 01.09 - 06.09.2009: Meat imports in coming months are forecast to keep reducing
11 | 09 | 2009
Statistics of the General Department of Customs show that in the first seven months of 2009, imported beef experienced the smallest reduction in value (only a 9% decrease over the same period of 2008).
Statistics of the General Department of Customs show that in the first seven months of 2009, imported beef experienced the smallest reduction in value (only a 9% decrease over the same period of 2008).
Beef exports by India to Vietnam reduced by about 11% (equivalent to US$ 11.3 million) in terms of value despite still accounting for a high share of Vietnam’s total beef import value (71.3%). Australia was the second largest exporter of beef in terms of market share (accounting for nearly 17%); its export value reached US$ 2.4 million during this period (up 19.9% over the same period of 2008). The United States and Brazil – two large exporters of poultry to Vietnam – saw a significant drop in their export value in these first 7 months. U.S. exports reached only US$ 32.7 million (38% lower than the same period of 2008). Brazil's export value stood at about US$ 10 million, over 50% lower than nearly US$ 22.3 million of the same period. Meat imports in coming months are forecast to keep reducing due to enterprises’ limited imports for fear of contaminated products and strongly reduced market demand for imported meat products.

Main movements and trends:

-Live hog price in Ho Chi Minh City drops 4.35%
- Ham price in Da Nang increases by 2.4%
- Silverside price in Can Tho keeps rising high
- Ready-to-cook chicken prices in Lam Dong tend to go up
- Feeder pig prices in Tien Giang are stable
- U.S. value of poultry and offal thereof exported to Vietnam in the first 7 months drops by 38% against the same period of 2008
- Pork supply to two wholesale markets of Hoc Mon and Binh Dien reduces by 5 tons/day

According to "Vietnam food market weekly Report" - AGROINFO, www.agro.gov.vn


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