Situation of Vietnam’s animal feed industry
Situation of Vietnam’s animal feed industry is 70% raw material imports and only 30% in the domestic.
According to database of MOA, animal feed and raw material imports was increasing in 2013. Especial, Vietnam’s animal feed imports was USD3 billion. It’s more than USD50 million compared Vietnam’s rice exports in 2013. The total of Vietnam’s animal feed imports and raw material imports for animal feed were USD4 billion.
In 2013, Vietnam imported 1.39 million tonnes soybean (equally USD834 million in values), 2.26 million tonnes corn (equally USD690 million in values) and 1.71 million tonnes wheat (equally USD584 million in values). Accordingly, Only in January, 2014, Vietnam imported 582,000 tonne corn (equally USD150 million in values), increased by 6 folds in volume and 4.6 folds in value year-on-year.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China livestock industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
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