Brazil and the US are the 'bosses' but Cambodia is the potential 'customer' in this product: Vietnam's imports have increased by nearly 3,000%, no matter how much you buy, it's not enough

Source: markettimes.vn According to preliminary statistics of the General Department of Customs, Vietnam's soybean imports in the first 3 months of 2024 reached 539,997 tons, worth nearly 296.62 million USD, average price of 549.3 USD/ton, an increase of 8,000 USD/ton. 3% in volume, but down 14.4% in turnover and 21% in price compared to the first 3 months of 2023. Of which, in March 2024 alone, it reached 200,868 tons, equivalent to 103.58 million USD, average price 515.6 USD/ton, up 58.3% in volume and 46% in turnover compared to February 2024. but prices decreased by 7.8%; Compared to March 2023, it increased by 2.1% in volume, but decreased by 22.3% in turnover and decreased by 23.9% in price. Brazil is the largest market supplying soybeans to Vietnam in the first 3 months of 2024, accounting for nearly 50.7% of the total volume and 49% of the country's total soybean import turnover, reaching 273,766 tons, equivalent to equivalent to nearly 145.19 million USD, price 530.3 ...