Global Markets: Coarse Grains – Vietnamese Corn, DDGS Imports Supported by Decade of Strong Protein Production

Published 2020년 12월 11일

Tridge summary

Vietnam has experienced a significant increase in feed ingredient imports, including corn and distiller’s dried grains with solubles (DDGS), over the past decade, driven by the growth in meat and aquaculture production. The country's chicken, beef, and veal production has been on the rise, even amidst the African swine fever outbreak. Aquaculture has also contributed to the demand for feed ingredients. While most of Vietnam's corn imports come from South America, the United States is a major supplier of DDGS. Global trade for major feed grains is projected to grow significantly, led by China, which is expected to double its corn imports and increase purchases of barley and sorghum.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Vietnam’s feed ingredient imports, principally corn and distiller’s dried grains with solubles (DDGS), have seen prodigious growth over the past decade. A decade ago, Vietnam imported 1.7 million tons of corn; for 2020/21, it is projected to import 12.0million tons. Similarly, in 2019/20 (Oct-Sep), Vietnam imported 1.2 million tons of DDGS from the United States, a volume nearly triple that of 10 years ago. A look at Production, Supply, and Distribution statistics for Vietnam’s meat production reveals some of the reason for feed ingredient demand. Chicken meat production in Vietnam has grown year over year for the past decade. Save for a few years, beef and veal production has also steadily grown. Though the impact of African swine fever on pork production is evident in the recent year declines relative to the 2018 high, corn imports have continued essentially unabated through these years, suggesting that producers in Vietnam are actively working to recover from the impacts of ...

Source: Agfax