Vietnam: Grain and Feed Update

  |   Attaché Report (GAIN)   |   VM2021-0078

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 also raised its estimate for MY20/21 corn imports to 13MMT, but revised MY21/22 imports estimate down to 11.2MMT on high stock and potential lower imports in the coming months. Post revised its estimate for MY20/21 wheat consumption up to 3.65MMT, mainly on higher consumption of feed wheat, and revised its estimate for MY20/21 imports up to 3.86MMT based on Vietnam Customs data. Post revised MY20/21 rice paddy area and production estimates down to 7,330THA and 43.75MMT on contractions of the main and late autumn crops in the Mekong Delta. While maintaining its estimate for MY20/21 rice exports at 6.10MMT, Post revised rice imports up to 1.2MMT on higher imports from Cambodia and India.

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