In March, Vietnam’s imports of animal feed and materials from Argentina reached $124 million, increased by 35.41 per cent compared with the previous month and by 21.76 per cent over the same month of last year. The figure brought the country’s total imports of animal feed and materials from Argentina in the first 3 months of this year to over $327 million, accounted for 33.8 per cent of the total market share.

 

It was followed by the U.S with over $46 million in March, up by 9.88 per cent month – on – month and down by 43.2 per cent over the same month of last year. The figure brought the country’s total imports of animal feed and materials from the U.S in the first 3 months of this year to over $175 million, up by 19 per cent year – on – year.

Meanwhile, the imports animal feed and materials from Brazil reached over $32 million in March, up by 131.93 per cent month – on – month and by 3.87 per cent year – on – year.

The total imports of animal feed and materials from Brazil in the first 3 months of this year reached over $81 million, increased by 1.51 per cent year – on – year. 

In the first 3 months of this year, Vietnam spent over $969 million on importing animal feed and materials, up by 5.38 per cent over the same period last year.

In the period, the country’s imports of animal feed and materials from Chile reached $3.1 million, increased sharply by 251.55 per cent; from Spain –$3.9 million, up by 184.2 per cent; from Australia – over $8.4 million, up by 182.18 per cent; and from Italy – over $16 million, up by 46.26 per cent year – on – year. 

Vietnam also imported wheat, corn, soybean; oil and grease as materials for producing animal feed and materials in the first 3 months of this year.

Wheat: Vietnam’s imports of wheat were estimated at 138,000 tons worth of $37 million in March and over 506,000 tons worth of over $141 million in the first 3 months of this year, decreased by 57.55 per cent in quantity and by 51.08 per cent in value compared with the same period of 2018.

The leading wheat import markets in the first 3 months of this year were Russia with the market share of 36 per cent; Australia – 31 per cent; Canada – 10  per cent; Brazil – 16 per cent.

 

In the first 3 months of this year, the imports of wheat from the U.S decreased by 99.1 per cent in quantity and 98.93 per cent in value year – on - year, while the imports from Australia decreased by 67.01 per cent in quantity and 61.72 per cent in value; from Russia – down by 60.15 per cent in quantity and 48.64 per cent in value and from Canada – down by 56.68 per cent in quantity and 56.97 per cent in value compared with the same period last year. However, the imports from Brazil increased sharply by 48.12 per cent in quantity and 89.71 per cent in value over the same period last year.  

Soybean: Vietnam’s imports of soybean reached 112,000 tons worth of over $45 million in March and over 437,000 tons worth of $173 million in the first 3 months of this year, increased by 11.92 per cent in quantity and by 4.06 per cent in value compared with the same period of 2018.

Corn: The imports of corn reached over 435,000 tons worth of $93 million in March and over 2 million tons worth of $433 million in the first 3 months of this year, increased by 5.93 per cent in quantity and 16.94 per cent in value compared with the same period of 2018.

Argentina and Brazil were the leading soybean import markets of Vietnam in the first 3 months of this year with 72 per cent and 25 per cent of the total market share, respectively.

Especially, in the first 3 months of this year, the imports of corn from Argentina decreased sharply by 63.2 per cent in quantity and 59.2 per cent in value compared with the same period last year.