Vietnam: Grain and Feed Update

  |   Attaché Report (GAIN)   |   VM2023-0054

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Office of Agricultural Affairs, Hanoi   |   (011-84-24) 3850-5000 x 6106

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Vietnam: Grain and Feed Update

In the first half of 2023, the Vietnam livestock and aquaculture industry faced numerous challenges which reduced feed demand including escalating input costs, African Swine Fever (ASF), market price volatility, weak demand, and intense competition from imported products. However, the livestock sector is anticipated to recover in the latter part of 2023, driven by the resurgence of the tourism industry and a gradual reduction in animal feed prices. Post revised Vietnam's feed consumption estimate in 2023 to 26.6 million tons (MMT) with a significant decline in aquafeed consumption. With corn prices lower than those of wheat and rice, leading to higher consumption and higher import of corn, Post revised MY 2022/23 corn consumption at 13.9 MMT and the MY 2022/23 import at 9.8 MMT. Post revised its estimate of MY 2022/23 wheat consumption down to 4.08 MMT, and its MY 2022/23 imports down to 4.11 MMT. Post revised MY 2022/2023 rice exports to 8 MMT due to the impact of India's rice export ban.

East Asia and the Pacific, Vietnam
Grains, Feeds and Fodders, Corn, Rice, Wheat

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