# Imported chicken not main cause of lower priced domestic products: MoIT

> Vietnam's Ministry of Industry and Trade says domestic industrial chicken prices fell 30% year-on-year in October despite imports doubling. Vietnam imported 215,700 tonnes of chicken products in the first nine months, up 49%, mostly from the US, Brazil and South Korea.

- Date: 2019-11-04 · published 2019-11-04T12:00:00.000Z
- Category: trade · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/56215-imported-chicken-not-main-cause-of-lower-priced-domestic-products-moit
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Heavier import flows of cheap poultry weigh on domestic chicken prices and reduce local demand for feed ingredients, a bearish signal for Vietnamese poultry feed demand.

## Read by commodity

- CHICKEN: bearish ▼

## Sources

- vietnamnews.vn: https://vietnamnews.vn/economy/537874/imported-chicken-not-main-cause-of-lower-priced-domestic-products-moit.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.