In 2023, Vietnam will spend about 6.8 billion USD importing animal feed ingredients

Published 2023년 12월 22일

Tridge summary

In 2023, Vietnam is projected to import 16.8 million tons of animal feed materials, with prices of main animal feed ingredients expected to decrease compared to the previous year. Despite the decrease, prices remain significantly higher than before the Covid-19 epidemic. The livestock industry in Vietnam is growing rapidly due to increased demand for meat and dairy products, leading to a need for quality animal feed, with nearly 90% of plant protein ingredients needing to be imported. The country aims to develop sustainable strategies to enhance domestic animal feed production and processing capacity, ultimately reducing the proportion of imported animal feed ingredients and ensuring food safety.

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

Original content

Import volume is still at a high level. The Department of Livestock (Ministry of Agriculture and Rural Development) said that it is estimated that in 2023, our country will import 16.8 million tons of animal feed materials (equivalent to 6.8 million tons). billion USD, not including raw materials of animal origin). In particular, some main imported materials include: Corn grain 7 million tons (equivalent to 2.1 billion USD); Oil cake of all kinds 4.9 million tons (equivalent to 2.4 billion USD); wheat and barley 1.4 million tons (equivalent to 453 million USD); DDGS (dried wine residue) 1.15 million tons (equivalent to 394 million USD); 474 thousand tons of bran (equivalent to 110 million USD); broken rice and rice 414 thousand tons (equivalent to 145 million USD); soybean seeds 343 thousand tons (equivalent to 226 million USD); 527 thousand tons of supplementary feed (equivalent to 574 million USD). In 2023, industrial food output is estimated to reach 20 million tons (down 2.4% ...

Source: Vinanet