Vietnam: Grain and Feed Update
Link to report:
Post revises its estimates of the marketing year (MY) 2021/22 paddy harvest area and production down to 7,185 thousand hectares (THA) and 42.83 million metric tons (MMT) on unfavorable weather conditions and high input costs. Post also revises MY 2022/23 forecasts of harvest area and production down to 7,220 THA and 43.20 MMT as a result of smaller cultivation area due to crop conversion and continuing high production costs. Considering strong export growth in the first eleven months of 2022, Post revises its estimate of MY 2021/22 exports up to 7.10 MMT. As Vietnam continued to import paddy from Cambodia and rice from India to supplement domestic supplies, Post revises its estimate of MY 2021/22 imports up to 1.50 MMT, still lower than the previous year.
