Livestock exports continue to maintain upward momentum

Of the total, dairy exports surged by 27.8% to US$25.5 million, while meat exports rose by 16.6% to US$25.9 million.

Elsewhere, honey exports suffered a decline of 36.8% to US$6.8 million, while egg exports of all kinds soared by 61.2% to US$2.1 million.

Throughout the reviewed period Vietnam mainly exported meat products to the Hong Kong (China) market, accounting for 99.6% of the total and recording an increase of 3.7% against the same period from last year.

Meanwhile, the majority of poultry products are exported to the Asian market, making up more than 99.9% of the total, of which exports to Hong Kong (China), China, and Thailand make up 64.5%, 8.8%, and 4.5% respectively.

The country mainly shipped dairy products to the Asian market, with Iraq emerging as the largest consumer, followed by Cambodia, the Philippines, Turkey, and the United States.

Hong Kong (China) continues to represent a major consumer of local egg shells, alongside Singapore, while honey products were mainly shipped to the US during the reviewed period.

Nguyen Xuan Duong, acting director of the Department of Livestock Production, said the price of animal feed is anticipated to not witness a downward trend moving into the second quarter of the year, although it is anticipated to rise in the near future due to high production costs.

Duong also issued a warning about the risk that the US may choose to investigate and impose anti-dumping duties on honey product, which will directly impact the export turnover of this product.

The Department of Livestock Production plans to co-ordinate efforts alongside international partners to develop technical standards relating to management over the quality of livestock products in order to meet the stringent requirements set by importers.