August 20, 2015


Vietnam spends US$4 billion on feed imports



Vietnam spent US$4.1 billion in the first seven months this year importing raw materials and animal feed for its domestic livestock industry, reported the General Department of Customs.


The industry spent US$1.9 billion on finished animal feed for poultry and livestock last year, with $824 million on soybeans and $451 million on corn.


Imports from Argentina accounted for 38% of the total, the US 17.5%, Brazil 7%, and the rest from China.


Vietnam relies heavily on imports because of limited local supplies. Many small-scale animal feed producers had to forgo production since they could not compete with foreign rivals.


In the first five months of this year, productivity of domestic animal feed reached 6.03 million tonnes, a modest increase of 5% year-on-year.


In comparison, imports of animal feed saw a burgeoning trend over the same period last year. Total volume of imported raw materials reached more than 5.98 million tonnes, representing a growth of 17.3%, and worth $2.31 billion.


According to Nguyen Dang Vang, chairman of the Viet Nam Feed Association, animal feed in Vietnam was more expensive than in many other countries. Producers mainly imported raw materials for local production from their parent companies in countries like Thailand, China, and Indonesia.


Apart from its feed industry, experts have stressed that Vietnam's livestock sector is also facing many challenges due to foreign competition: /contents/08-12-2015/e734d249-682e-4483-bfc3-d6a225504eba-a181.html

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