In February, Vietnam’s imports of animal feed and materials from Argentina reached $91 million, decreased by 18.38 per cent compared with the previous month and by 0.85 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 2 months of this year to over $203 million, accounted for 33.2 per cent of the total market share.

It was followed by the U.S with over $41 million in November, down by 44.64 per cent month – on – month and up by 35.61 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 2 months of this year to over $117 million, up by 78.41 per cent year – on – year.

Meanwhile, the imports animal feed and materials from India reached over $14 million in February, down by 42.67 per cent month – on – month and by 27.35 per cent year – on – year. The total imports of animal feed and materials from India in the first 2 months of this year reached over $39 million, decreased by 25.76 per cent year – on – year. 

In the first 2 months of this year, Vietnam spent over $613 million on importing animal feed and materials, up by 6.03 per cent over the same period last year.

In the period, the country’s imports of animal feed and materials from Chile reached $2.1 million, increased sharply Australia – over $6 million, up by 166.88 per cent; and from Japan – over $496,000, up by 124.2 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 2 months of this year.

Wheat: Vietnam’s imports of wheat were estimated at 102,000 tons worth of $28 million in February and over 368,000 tons worth of over $103 million in the first 2 months of this year, decreased by 52.85 per cent in quantity and by 44.04 per cent in value compared with the same period of 2018.

The leading wheat import markets in the first 2 months of this year were Russia with the market share of 49 per cent; Australia – 37 per cent; Canada – 7 per cent; Brazil – 2 per cent.

In the first 2 months of this year, the imports of wheat from the U.S decreased by 99.55 per cent in quantity and 99.47 per cent in value, while the imports from the Brazil decreased by 87.63 per cent in quantity and 84.58 per cent in value; and from Canada – down by 75.18 per cent in quantity and 75.62 per cent in value compared with the same period last year.

Soybean: Vietnam’s imports of soybean reached 169,000 tons worth of over $67 million in February and over 326,000 tons worth of $128 million in the first 2 months of this year, increased by 18.25 per cent in quantity and by 10.23 per cent in value compared with the same period of 2018.

Corn: The imports of corn reached over 697,000 tons worth of $148 million in February and over 1.6 million tons worth of $340 million in the first 2 months of this year, increased by 8.49 per cent in quantity and 20.82 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 2 months of this year with 78 per cent and 19 per cent of the total market share, respectively.

Especially, in the first 2 months of this year, the imports of corn from Argentina decreased sharply by 69.53 per cent in quantity and 66.27 per cent in value compared with the same period last year.