Vietnam: Grain and Feed Update
Link to report:
Post revised estimates for wheat imports up to 4.8 million metric tons (MMT) in marketing year 2017/2018 (MY17/18) and 3.5 MMT in MY18/19 based on actual import data. In MY19/20, Post forecasts wheat imports at 3.5 MMT due to lower consumption of feed wheat and ongoing phytosanitary issues. For corn, Post revised estimates for MY18/19 imports up to 10.5 MMT based on actual import data, and feed and residual up to 13 MMT on reduced consumption of feed wheat. In MY19/20, Post lowered forecasts for production to 4.5 MMT, as harvested area fell, imports to 10.0 MMT due to high carry-over stock, and feed and residual to 12.5 MMT due to lower feed demand. Post revised estimates for MY18/19 paddy production down to 7,565 thousand hectares (THA) and 43.9 MMT due to unfavorable weather conditions and crop restructuring, and exports down to 6.6 MMT of milled rice as major markets reduced their imports from Vietnam. In MY19/20, Post forecasts production and exports to be on par with its MY18/19 estimates.
