Argentina is the leading corn import market for Vietnam

Việt Nam imported corn from five main markets in the first seven months of this year, of which 3.19 million tonnes were imported from Argentina, accounting for 55.5 per cent of the country’s total imports. Statistics from the General Department of Customs show that Việt Nam imported 5.74 million tonnes of corn from global markets, reaching a value of US$1.43 billion by the end of last month. Compared to the same period last year, import volume grew by 34 per cent, but turnover only increased slightly by 1.9 per cent, reflecting a sharp decrease in corn prices on the international market. Argentina is Việt Nam’s main trading partner in the field of corn imports. Việt Nam imported 3.19 million tonnes of corn from Argentina in the first seven months, reaching a value of US$772.29 million, with an average price of $242.4 per tonne. The amount of corn imported from Argentina increased by 130.3 per cent compared to the same period last year, the turnover rose by 70.9 per cent, but the ...