Industrial expansion strengthens supply of soybeans in Vietnam

The expansion of soybean processing capacity in Southeast Asia advances in response to growing demand for feed and food inputs, reinforcing raw material security in import-dependent markets. In Vietnam, a new industrial investment expands the local supply of meal and oil, with a direct impact on the animal protein chain and domestic supply. Vietnam Agribusiness Ltd., a joint venture between Bunge Global and Wilmar International, inaugurated the second soybean crushing line at the Phu My 1 industrial park, with an investment of $100 million. The new unit adds 4,000 tons to the daily capacity and raises the total to 7,800 tons per day, adding to the line in operation since 2011. The company operates in the processing of oilseeds aimed at the food and animal nutrition markets. The industrial complex occupies an area of 11.2 hectares and has eight storage silos, with a total capacity of 120,000 tons, equipped with automated temperature and humidity control systems. The structure ...