Vietnam imports US$2 billion of animal feed

14:34 | 08/09/2016 Trade

Viet Nam has imported roughly US$2 billion of animal feed from early this year until August 15, down 6.2 percent from the same period a year ago.

Vietnam imports US$2 billion of animal feed


Most of the country's imported animal feed and raw materials were imported from Argentina, China, the US and Japan, according to statistics released from the Ministry of Industry and Trade.

So far this year through August 15, Viet Nam imported US$1.95 billion of animal feed, a reduction of 6.2 percent compared with the same period last year.

During the first 15 days of August, the country imported US$141.87 million of animal feed, a reduction of 21.7 percent against the same period last month, according to statistics.

Corn imports reached 194,800 tonnes, equivalent to US$39.9 million, a reduction of 17.8 percent in terms of volume and 16.5 percent in terms of value compared to the first 15 days of July.

Soybean imports were recorded at 30,800 tonnes or US$14.7 million.

During the first seven months, Viet Nam's animal feed import value from Argentina was US$820.5 million, an increase of 7.3 percent. China is Viet Nam's second biggest market for animal feed imports with a total value of US$60.3 million in July, double increase against the previous month.

The US, the third biggest exporter of animal feed of Viet Nam, exported US$46.07 million to the country in July, an increase of 73 percent against June 2016./.


Source: VNS