Market NEWS
weekly updates from vietnam and south east asia
Vietnam’s total export value of livestock products in October 2023 reached 36.4 million USD, an increase of 145% over the previous month and an increase of 134% over the same period of 2022. In October 2023, other live animals, live bovine animals, meat of swine, fresh, chilled, or frozen were Vietnam’s main export livestock products with values of 10.99 million USD, 9.8 million USD, and 6 million USD. Notably, in the month, other live animal exports (HS 0106) increased sharply by 1,600% compared to the previous month, and live cattle and buffaloes (HS 0102) were also exported again. Hong Kong and ASEAN are Vietnam’s largest export markets, with export values of 58 million USD and 40.3 million USD respectively in the first 10 months of 2023. Exports to Australia accounted for only 0.05% of Vietnam's total livestock exports although there is 10% increase in exports compared to the same period in 2022. In October 2023, other live animals (HS 0106) and live cattle (HS 0102) are the main export products. In particular, the US is the main export market for other live animals, accounting for 99.7% of the total export value. Live cattle are exported mainly to Cambodia, accounting for 78% of total export value and rest (22%) to Lao PDR. Vietnam imported livestock products worth $198.3 million in October 2023, a 17.7% increase from the previous month but a 9.7% decrease from the same period in 2022. In October 2023, meat of bovine animals, frozen and meat of swine, fresh, chilled or frozen were the two most imported livestock products with values of 73.8 million USD and 35.4 million USD, respectively. Imports of meat of bovine animals, fresh or chilled increased by 58% over the previous month. Imports of live bovine animals reached 23 million USD, an increase of 78% compared to the previous month. Imports of live swine increased sharply, reaching 1.3 million USD, a 158% increase from the previous month. In the first 10 months of 2023, India and Australia are the two largest livestock product suppliers for Vietnam, with import values of 415 million USD and 248 million USD, respectively. Compared to the same period of 2022, imports from India decreased by 3% and imports from Australia increased by 30%. Frozen meat of bovine animals, and meat of swine, fresh, chilled or frozen were the main imported products in October. Almost 100% of the live cattle were sourced from Australia. As for meat, 88.4% of fresh or chilled meat of bovine animals originated from Australia. India was the main import source for frozen meat of bovine animals, accounting for 81%. In October 2023, Vietnam's imports of livestock products from Australia reached 34 million USD, an increase of 37.6% over the previous month and an increase of 97.8% over the same period in 2022. Live bovine animals and meat of bovine animals, frozen were the most imported products, with import values of 23.1 million USD and 6.2 million USD, respectively. Vietnam's import value of beef and cattle from Australia reached 32.8 million USD in October 2023, an increase of 41.3% over the previous month and an increase of 103% over the same period in 2022. From January to October 2023, the most imported product was live bovine animals (not for breeding), with an import value of 152 million USD, an increase of 82% over the same period of 2022. However, the import value of other products such as meat of bovine animals, fresh or chilled, and edible offal of bovine animals, fresh or chilled, decreased.
During week 47, the prices of beef thigh and beef fillet increased compared to the previous week. The average price of beef thigh was 189.000 VND/kg, an increase of 1.2%; the price of beef fillet was 225,000 VND/kg, an increase of 1.8% compared to week 46. In week 47, the average price of live weight cattle remained the same as previous month at 86,000 VND/kg. In terms of the current number of cattle handled in the facilities (feedlot or abattoir), the smallest feedlot had 100 heads of cattle whereas the biggest had 8000 animals in their feedlot. Similarly, the smallest abattoir slaughtered 7 animals (week 44) and 5 animals in a day (week 47) whereas the biggest slaughtered 30 animals in a day.
Live cattle selling prices were stable, when comparing weeks 44 and 47 except for BBB cattle breeds in North and Central Highlands. In the North, the highest price of BBB cattle breed went down 3,000 VND/kg, and in the Central Highlands, the lowest price of BBB cattle breed went down 5,000 VND/kg.
In week 48, prices of Vietnamese beef at supermarkets remained unchanged compared to the previous week, except beef fillet at Winmart which decreased to 358,000 VND/kg. Similarly, prices of Australian beef also remained unchanged compared to week 47.
0 Comments
Leave a Reply. |
Archives
May 2024
Categories |