RongViet Securities Corporation (VDSC) said that the value of Việt Nam''s meat market recorded a compound annual growth rate (CAGR) of 4.4 per cent in the 2018-2023 period.
The signing of these protocols marks a pivotal advancement in the agricultural trade ties between the two countries, with profound implications for Việt Nam’s agricultural sector.
Việt Nam is now importing meat and meat products from 37 markets. Among them, India is the largest supplier, accounting for 29.53% of the total meat and meat product imports.
It will take another one to two weeks for egg prices to recover while the vegetarian food market is bustling because lunar January is the time when people''s demand for vegetarian food is highest in the year.
VNDIRECT expects that feed costs will gradually decrease from the second quarter of 2023. Meat producers will record improved gross profit margin this year.
Amid increasing pork prices, the Ministry of Agriculture and Rural Development has been implementing solutions to remove difficulties and promote production. Therefore, the livestock industry is expected to ensure supply from now until the end of this year.
The 8th International Livestock, Dairy, Meat Processing and Aquaculture Exposition opened on August 3 at the Sai Gon Exhibition and Convention Centre in District 7.