Vietnam's corn demand has significantly rebounded, contributing to the global market's strength amid rising feed and meat demand expectations. The USDA forecasts that Asia, with a focus on China and Vietnam, will see notable growth in corn demand. In the latter part of 2023, Vietnam ramped up its corn imports due to favorable pricing, with optimism in the market suggesting that imports could exceed 10 million tons by 2024, as per S&P Global reports. This increase in demand and imports underscores Vietnam's expanding influence in the international corn market.
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Original content
Corn demand in Vietnam has rebounded, supporting the market as the industry anticipates a rebound in feed and meat demand. USDA’s forecasts for corn demand in Asia show promising growth in most countries, with the most significant potential in China and Vietnam. Vietnam accelerated the pace of corn imports in the second half of 2023 amid lower corn prices. Market participants remain confident ...
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