Tens of thousands of tons of corn from Laos landed even though Vietnam had an output 8.5 times higher

Published 2024년 4월 23일

Tridge summary

In March 2024, Vietnam experienced a decline in corn imports, totaling 871,741 tons valued at over 215 million USD, a decrease of 6.5% in volume and 9.1% in value from the previous month. Despite this monthly drop, the first quarter of 2024 saw a 27.1% increase in corn import volume year-over-year, though the value fell by 4.8%. Brazil and Argentina are the primary suppliers, with a significant rise in imports from Argentina. Import prices have generally decreased, especially from Laos. With domestic production covering only about 37% of its animal feed needs, Vietnam remains one of the world's largest corn importers and the biggest in Southeast Asia since the 2018/19 crop year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Source: markettimes.vn Illustration According to preliminary statistics from the General Department of Customs, in March 2024, our country imported 871,741 tons of corn worth more than 215 million USD, down 6.5% in volume and 9.1% in value. quota compared to the previous month. Import prices in March reached 247 USD/ton, down 2.8% compared to February 2024. Cumulatively in the first quarter of 2024, our country imported more than 2.78 million tons of corn worth more than 702 million USD, a sharp increase of 27.1% in volume but a decrease of 4.8% in turnover. The average price reaches 252 USD/ton, down 25% over the same period in 2023. In terms of the market, corn imported to Vietnam is trending down in price. Brazil continues to be the largest corn supply market for Vietnam with more than 1.9 million tons, equivalent to more than 381 million USD, a sharp increase of 22.5% in volume but a decrease of 5.8% in turnover. The average import price reached 252 USD/ton, down 25% over the ...
Source: AgroInfo.vn

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