According to preliminary statistics from General Department of Customs, in May 2024, the whole country imported 533,673 tonnes of wheat, equivalent to 141.12 million USD, with an average price of 264.4 USD/tonne, down 34% in volume, down 36% in value compared to April 2024 and down 3.3% in price. Compared to May 2023, it increased sharply by 40.9% in volume, but down 4.8% in value and down 32.4% in price.
In the first 5 months of 2024, the country's total wheat imports reached over 2.83 million tonnes, equivalent to over 779.53 million USD, up 39.3% in volume, up 3.6% in value compared to the first 5 months of 2023, the average price reached 275.3 USD/tonne, down 25.6%.
In May 2024, wheat imports from the main market Brazil decreased by 42.8% in volume and 42.5% in value compared to April 2024, but the price increased by 0.5%, reaching 183,373 tonnes, equivalent to 45.19 million USD, price 246.4 USD/tonne; while in May 2023, there were no imports from this market.
In the first 5 months of 2024, wheat imports from the Brazilian market accounted for 39.9% of the total volume and 36.2% of the total wheat import turnover of the country, reaching over 1.13 million tonnes, equivalent to 282.27 million USD, with an average price of 249.8 USD/tonne, up 332% in volume, up 194.6% in turnover but down 31.8% in price compared to the first 5 months of 2023.
Following the main market Brazil is the Australian market, accounting for 18.7% of the total volume and 21.4% of the total turnover, reaching 529,214 tons, equivalent to 166.64 million USD, with an average price of 314.9 USD/tonne, down 62% in volume, down 67% in turnover and down 13% in price compared to the first 5 months of 2023.
Next is the Ukrainian market reached 436,451 tonnes, equivalent to 112.43 million USD, price 257.6 USD/tonne, accounting for 15.4% of the total volume and 14.4% of the total wheat import turnover of the country.
Wheat imports from the US market reached 222,982 tonnes, equivalent to 73.69 million USD, price 330.5 USD/tonne, up 52% in volume, up 21% in turnover but down 20.4% in price compared to the first 5 months of 2023.

Source: Vitic/ congthuong.vn