Vietnam: Short-term solution on the road to self-reliance in raw materials for animal feed
Vietnam
Published May 12, 2023
Original content
Although the orientation to increase domestic production to reduce dependence on imported raw materials has been proposed and implemented since 2016, it has not been until the last 3 years that this issue has really been addressed by enterprises. livestock in our country. The turnaround process also requires the industry's flexibility and improvisation to short-term challenges. The supply of agricultural products mostly comes from South America. About 75% of our country's animal feed ingredients come from foreign markets. Experiencing the "super-price increase" cycle of goods after the Covid pandemic, crop failure in major producing countries and political tensions between Russia and Ukraine causing disruption to the supply chain, the livestock industry has revealed its weaknesses even more. due to dependence on imported supplies. Although it has cooled down compared to the same period last year, agricultural prices are still high compared to the average in the past decade. ...
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