Food market situation in 12/2013 and forecast in 2014
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Food market situation in 12/2013 and forecast in 2014

Posted by | January 13, 2014 |

The Vietnam food market have been eventful when the price of pigs continuous keep at high level, while the prices of chicken and eggs decreased deeply, and the price of beef decreased due to compete with beef import.

The price of live pigs declined to VND 38,000-39,000 per kg in the middle of 2013, and then increased to VND 55,000 per kg in 12/2013.

The price of beef reached VND 230,000-245,000 per kg, a 2-3% decreasing compared with the previous months. Vietnam imported 60,000 cows in 2013, averaging 5,000 cows per month. Forecast, Vietnam will import 60,000 cows from Australia in 2014.

The price of chicken declined from VND 48,000 per kg in the beginning of 2013 down to VND 23,000-24,000 per kg in 12/2013. Forecast, this price will continuous decline to VND 20,000 per kg, the farmers was loss VND 10,000-12,000 per kg of profit.

Forecast, the demand of food will increase 15-18% in Tet festival.

Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please emailmichael@boddingtonconsulting.comThis email address is being protected from spambots. You need JavaScript enabled to view it.