Russian pork producers have gained access to the Vietnamese market, the Interfax news agency reported on Friday citing Russia’s state agriculture watchdog.
Rosselkhoznadzor said it had agreed the terms of pork and byproduct supplies with Vietnamese authorities, allowing Vietnamese-approved Russian companies to begin exports.
The watchdog did not say which Russian companies were eligible to supply their produce to Vietnam.
Russia’s biggest producers of pork include Cherkizovo , Rusagro and privately held group Miratorg.
In an effort to keep the market supplied and to cool a surge in pork prices that’s pushing up inflation, the cabinet has ordered ministries to boost imports to satisfy demand over the peak new year period. Mai Ngoc Chau reports on Bloomberg.
The market will probably have a shortage of 200,000 tons from this month through late January when New Year is celebrated, according to government estimates. Ministries have pledged to work together to enable companies to import whatever the country needs from eligible suppliers.
Reporting by Anton Kolodyazhnyy; writing by Maria Kiselyova; editing by Jason Neely @ Reuters / Mai Ngoc Chau @ Bloomberg