Vietnam imported 2.6 million tons of grain for animal feed

Published 2022년 5월 9일

Tridge summary

The global market for animal feed is experiencing a surge in prices due to the Russia-Ukraine conflict, with soybean and corn markets on the Chicago futures exchange continuing to rise in April 2022. Adverse weather and disrupted Black Sea exports due to the war have contributed to the increase in corn prices, which hit a 10-year high. Soybean futures contracts also saw an increase. The USDA reports that corn planting in the US is behind schedule, and traders are concerned about continued disruptions to exports from Ukraine. Meanwhile, prices of feed ingredients in the domestic market have remained stable but high. Vietnam's imports of soybean and corn have seen changes in volume and value compared to the same period in 2021, with Brazil, the US, and Canada being the main suppliers of soybean, and Argentina, India, and Brazil providing most of the corn imports.

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

Original content

Due to the impact of the Russia-Ukraine conflict, the price of animal feed on the world market continuously skyrocketed. According to Reuters, the soybean and corn markets on the Chicago futures exchange (USA) continued their uptrend in April 2022 in the context of the hot growth of the world animal feed market showing no signs of slowing down. heat. In which, the price of corn for May term in May 2022 closed the session on April 25, reaching 800.25 UScent/lb, up 65.25 UScent (equivalent to 8.9%) compared to the first session of the month (1/4). Chicago corn prices hit a 10-year high due to adverse weather and Black Sea exports stalled by the Ukraine war. Soybean futures contract price in May 2022 reached 1748.25 UScent/lb, up 165.5 UScent (equivalent to 10.5%) compared to the beginning of the month. According to the U.S. Department of Agriculture (USDA), U.S. corn planting was 4% complete as of April 19, below the five-year average of 6%. Traders fear that fighting in Ukraine ...

Source: Danviet