USDA attache projects Vietnam 2018/19 corn imports at 11 million tons
Wednesday, April 18,2018
AsemconnectVietnam - The marketing year (MY) 2017/18 and MY 2018/19 wheat import volume forecast remains high due to low domestic selling prices and good harvest reports from wheat producing countries.
Post forecasts the imported corn volume in MY 2018/19 at 11 million metric tons (MMT), up 2 MMT from the previous year.
The increase in corn import volume is both satisfying the growth of the local feed industry and filling the local corn production shortage.
Post forecasts MY 2018/19 total paddy rice production to reach 45.88 MMT or 28.68 MMT of milled rice equivalent. Post estimates the MY 2017/18 export volume to be at 6.7 MMT, and for MY 2018/19, forecasts 6.9 MMT.
Source: Reuters
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