Vietnam: Grain and Feed Annual
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Post forecasts overall feed demand to grow in calendar years 2022/23 on par with local livestock and aquaculture production growth. Post forecasts marketing year 2022/2023 (MY 2022/23) wheat imports to decline to 3.90 million metric tons (MMT) due to the war in Ukraine causing high costs and reduced supply of wheat. Vietnam is forecast to import more corn, 10.50 MMT in MY 2022/23, to offset lower domestic production and reduced feed wheat supply. Post forecasts MY 2022/23 paddy production at 43.73 MMT and area at 7,295 thousand hectares (THA), the same levels post estimates for MY 2021/2022, as contacts do not anticipate further reduction in rice area. Post maintains MY 2021/22 and MY 2022/23 rice export forecasts at 6.40 MMT on steady demand, largely from the Philippines, Africa, and China.
