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Vietnam’s livestock and aquaculture sectors expanded in Calendar Year (CY) 2024 on steady economic growth and lower feed prices. Feed importers have increased purchases and diversified suppliers.

In 2023, feed demand was low due to weak demand in Europe and the United States for Vietnamese produced aquaculture products. Post expects aquaculture and livestock production to rebound in the in MY 2024/25 increasing overall feed demand and as a result also increasing corn consumption. As domestic corn production remains uncompetitive with foreign imports, corn imports are forecast to grow Wheat imports are forecast to decline due to market volatility.

In the first half of 2023, the Vietnam livestock and aquaculture industry faced numerous challenges which reduced feed demand including escalating input costs, African Swine Fever (ASF), market price volatility, weak demand, and intense competition from imported products.

Growth in Vietnam’s economy, including a rebound in tourism, is expected to fuel protein demands which will increase demand for feed grains in Market Year (MY) 2023/24. Post forecasts feed demand up to 27.7 million metric tons (MMT), a three percent year on year increase.

High production costs, price instability and lingering disease threats discouraged livestock production which has kept overall 2022 feed demand flat compared to the previous year. Due to high corn prices as well as flat feed demand, Post revises its marketing year (MY) 2021/22 corn consumption down to 13.80 million metric tons (MMT) and imports down to 9.20 MMT.

The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.

Post maintains its estimate for marketing year 2020/2021 (MY20/21) corn consumption at 14.5 million metric tons (MMT), but revised MY21/22 corn consumption down to 14.35MMT on a lower estimate for feed and residual with anticipation of declining feed demand in the second half of CY2021.

Post revised its Vietnam’s feed demand estimates for calendar year (CY) 2020 at 27

The 2020 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world. This summary lists only the United States’ primary trading partners.

Post revised its marketing year 2019/2020 (MY19/20) and MY20/21 total corn consumption estimates up to 14.25 million metric tons (MMT) and 15.00MMT, respectively, due to higher feed...

In calendar year (CY) 2019, Post reduced estimates for feed demand to 26.8 million metric tons (MMT) and forecasts stagnant feed demand in CY2020 due to the impacts of African swine fever (ASF).

On February 14, 2020, the Department of Livestock Production (DLP) of Vietnam's Ministry of Agriculture and Rural Development (MARD) issued an official letter 76/CN-TACN to detail....