Vietnam imports over 70% of dairy input
(VOV) -The domestic dairy industry currently imports 70-80% of its input materials, creating a strong link between the price of Vietnamese dairy products and corresponding global prices.
In recent times, local dairy producers have, out of necessity, increased prices of products on the back of rising prices in the world market, which is giving rise to concern and the need for an improved alternative strategy for cow breeding.
Since the Prime Minister approved a policy on cow breeding in 2001, Vietnam has domestically met only 28% of its annual total demand for dairy input materials.
Vietnam Animal Breeding Association Chairman Nguyen Dang Vang, directly attributes the local dairy sector’s severe shortage to the sharp increase in dairy prices experienced by the Vietnamese market in recent years.
The State has yet to promptly issue appropriate zoning plans on cow breeding to increase supply sources of input materials for the local dairy industry.
As a result, Vietnam, for the first time, spent in excess of US$1 billion purchasing dairy input from overseas markets last year, he noted.