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Vietnam cotton imports in marketing year 2021/22 (MY21/22) decreased 9 percent year on year to roughly 1.4 million metric tons (MMT) with a 30-percent higher value at $3.5 billion, according to Vietnam Customs data.
Post forecasts overall feed demand to grow in calendar years 2022/23 on par with local livestock and aquaculture production growth. Post forecasts marketing year 2022/2023 (MY 2022/23) wheat imports to decline to 3.90 million metric tons (MMT) due to the war in Ukraine causing high costs and reduced supply of wheat.
The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
This report provides trade data on Vietnam's monthly rice exports by grade and destination and weekly export quotes for rice by grade.
Despite ongoing high demand, Post estimates that U.S. cotton exports to Vietnam will decline by 25 percent in marketing year (MY) 21/22 due to price volatility, ongoing logistical challenges, and tough competition from Australia. Post forecasts Vietnam cotton imports for MY22/23 will increase 5 percent to approximately 8.2 million bales or about 1.78 million metric tons (MMT).
As Vietnam looks to rebound from the COVID-19 pandemic through economic recovery packages and loosening of restrictions, total animal feed demand is forecast to increase to meet animal production demands.
Vietnam's food processing sector was hit by COVID-19 restrictions but the food processing and manufacturing sector still grew by 2.9 percent in 2021 versus 2020.