Vietnam feed market in 2025: prices decreased
Wednesday, January 21,2026
AsemconnectVietnam - In 2025, domestic animal feed prices continued the downward trend from 2024, driven by lower input material prices. Specifically, piglet feed (21% protein) was priced at VND380,000–450,000 per 25kg bag; finisher pig feed (18% protein) ranged from VND330,000 to 400,000 per 25kg bag; and sow feed was quoted at VND360,000–420,000 per bag.
In 2025, domestic animal feed prices continued the downward trend from 2024, driven by lower input material prices. Specifically, piglet feed (21% protein) was priced at VND380,000–450,000 per 25kg bag; finisher pig feed (18% protein) ranged from VND330,000 to 400,000 per 25kg bag; and sow feed was quoted at VND360,000–420,000 per bag.
Prices of chick feed ranged from VND350,000 to 430,000 per bag; broiler feed stood at around VND310,000–380,000 per bag; and layer feed was priced at VND340,000–410,000 per bag. Feed for ducklings, laying ducks and meat ducks ranged from VND320,000 to 420,000 per bag, depending on nutritional formulation and brand. Aquafeed for pangasius, tilapia and snakehead fish was quoted at VND320,000–450,000 per 25kg bag. Meanwhile, prices of rice bran and corn meal fluctuated depending on product type.According to preliminary statistics from the Vietnam Customs, imports of animal feed and feed materials in November 2025 fell by 18% compared with October 2025 and declined by 23.7% year on year to nearly USD321.06 million. In the first 11 months of 2025, imports of this group totaled nearly USD4.19 billion, down 5.7% from the same period in 2024.
Argentina was the largest supplier of animal feed and feed materials to Vietnam in the first 11 months of 2025, accounting for 38.2% of total import value, with shipments exceeding USD1.6 billion, up 3.2% year on year. In November 2025 alone, imports from Argentina reached more than USD112.58 million, down 23.9% month on month and down 50.5% year on year.
The United States ranked second, accounting for 17.6% of total import value, with shipments reaching nearly USD735.96 million, down 17% year on year. In November 2025, imports from the US stood at USD58.96 million, down 30.8% from October 2025 and down 29.9% from November 2024.
Brazil followed, with imports in November 2025 plunging 39.5% from October 2025 but surging 110.4% year on year to USD6.18 million. Cumulatively, imports from Brazil in the first 11 months of 2025 declined 18.7% year on year to USD430.88 million, accounting for 10.3% of Vietnam’s total imports of this group.
Table: imports of animal feed and feed materials in the first 11 months of 2025
(Source: Vietnam Customs, data released on December 10, 2025)
Unit: USD
|
Market
|
Nov 2025
|
MoM (%)
|
YoY (%)
|
11M 2025
|
YoY (%)
|
|
Total imports
|
321,057,913
|
-17.99
|
-23.66
|
4,186,228,765
|
-5.73
|
|
Argentina
|
112,582,915
|
-23.92
|
-50.54
|
1,600,055,213
|
3.15
|
|
United States
|
58,955,573
|
-30.80
|
-29.92
|
735,957,289
|
-17.02
|
|
Brazil
|
6,179,287
|
-39.49
|
110.38
|
430,877,407
|
-18.66
|
|
China (mainland)
|
38,867,116
|
22.37
|
46.53
|
329,428,404
|
-6.63
|
|
India
|
17,215,756
|
-6.60
|
26.77
|
170,501,162
|
-4.52
|
|
Indonesia
|
17,484,353
|
58.35
|
42.62
|
150,102,323
|
11.27
|
|
Thailand
|
10,864,960
|
6.30
|
65.92
|
115,850,472
|
-3.92
|
|
Australia
|
4,904,898
|
-25.78
|
20.06
|
57,687,226
|
-11.17
|
|
South Korea
|
4,402,486
|
-5.25
|
-5.64
|
54,517,815
|
-18.00
|
|
Canada
|
6,295,889
|
-22.14
|
142.19
|
46,599,415
|
66.70
|
|
Spain
|
4,082,450
|
-6.72
|
77.47
|
42,026,992
|
58.92
|
|
Taiwan (China)
|
3,414,380
|
0.25
|
93.94
|
39,183,145
|
-0.19
|
|
France
|
3,928,277
|
15.52
|
51.35
|
32,296,041
|
19.79
|
|
Malaysia
|
3,229,031
|
-7.36
|
55.83
|
29,461,116
|
13.49
|
|
Germany
|
3,782,767
|
80.52
|
154.15
|
27,018,726
|
-0.45
|
|
Singapore
|
1,429,346
|
-44.95
|
-46.99
|
26,578,038
|
19.16
|
|
Netherlands
|
940,433
|
-52.47
|
-45.13
|
20,367,385
|
8.99
|
|
Belgium
|
870,112
|
-37.28
|
-23.11
|
14,199,198
|
-20.92
|
|
UAE
|
61,156
|
-72.96
|
-97.43
|
9,561,368
|
-51.36
|
|
Philippines
|
947,864
|
232.94
|
0.55
|
9,548,597
|
5.86
|
|
Italy
|
845,200
|
-6.39
|
160.82
|
7,972,812
|
-16.85
|
|
Türkiye
|
102,730
|
-74.75
|
-58.98
|
4,583,536
|
99.15
|
|
Chile
|
–
|
-100.00
|
-100.00
|
4,470,063
|
119.15
|
|
Mexico
|
762,397
|
-37.49
|
1,338.48
|
4,409,781
|
208.38
|
|
Japan
|
572,491
|
18.47
|
2.51
|
3,768,859
|
22.72
|
|
Austria
|
346,732
|
3.09
|
1,590.72
|
3,483,157
|
-19.20
|
|
Hungary
|
264,186
|
–
|
-59.83
|
1,861,149
|
-28.33
|
|
United Kingdom
|
72,960
|
110.16
|
-36.60
|
606,106
|
-31.39
|
Source: Vietnam Customs
Corn: According to preliminary data from the Vietnam Customs, corn imports in the first 11 months of 2025 reached nearly 10.47 million tonnes, valued at more than USD2.6 billion, at an average price of USD248.7 per tonne. This represented a decline of 5.8% in volume and 3.5% in value, while the average price rose 2.5% compared with the same period of 2024.
In November 2025 alone, imports totaled 952,225 tonnes worth USD227.19 million, at an average price of USD238.6 per tonne, down 28.6% in volume and 27.5% in value month on month, while prices edged up 1.6%. Compared with November 2024, volumes and values both fell by 35.6%, while prices increased marginally by 0.1%.Argentina remained the largest corn supplier, accounting for more than 49% of total import volume and value, with shipments of nearly 5.13 million tonnes worth around USD1.28 billion at an average price of USD249.2 per tonne. This marked a decline of 12% in volume and 8.4% in value, while prices rose 4.1% year on year.
Brazil ranked second, with 3.54 million tonnes worth USD851.82 million, accounting for 33.9% of volume and 32.7% of value. Imports from Brazil declined 14.5% in volume, 15.3% in value and 0.9% in price year on year.
Soybeans: Soybean imports in the first 11 months of 2025 reached 2.36 million tonnes, valued at nearly USD1.1 billion, at an average price of USD465.5 per tonne. This represented an increase of 19.2% in volume and 8% in value, while prices fell 9.4% year on year.
Brazil was the largest supplier, accounting for 50.6% of volume and 51.1% of value, with shipments of 1.2 million tonnes worth nearly USD561.28 million. The US ranked second with 952,854 tonnes worth USD432.69 million.
Wheat: Wheat imports in the first 11 months of 2025 totaled nearly 5.16 million tonnes, valued at more than USD1.38 billion, at an average price of USD267.7 per tonne, down 4% in volume, 6.5% in value and 2.7% in price year on year.
Australia remained the largest wheat supplier, accounting for 25.6% of volume and 26.2% of value, with shipments of 1.32 million tonnes worth over USD361.77 million.
Exports
In November 2025, Vietnam’s exports of animal feed declined 9.9% month on month but surged 44.2% year on year to more than USD133.46 million. In the first 11 months of 2025, exports of this group reached nearly USD1.29 billion, up 36.5% from the same period of 2024.
China was the largest export market, accounting for 45.3% of total export value, followed by Cambodia and Malaysia. Overall, exports to most markets increased compared with the previous year.
Table: Vietnam’s exports of animal feed and feed materials in the first 11 months of 2025
(Calculated based on data released by the Vietnam Customs on December 10, 2025)
Unit: USD
|
Market
|
Nov 2025
|
Month on month (%)
|
Year on year (%)
|
11M 2025
|
Year on year (%)
|
|
Total export value
|
133,463,012
|
-9.94
|
44.22
|
1,285,925,648
|
36.52
|
|
China (mainland)
|
63,608,451
|
-14.99
|
59.19
|
582,529,093
|
54.69
|
|
Cambodia
|
21,536,634
|
27.31
|
92.79
|
167,184,828
|
43.17
|
|
Malaysia
|
9,804,203
|
-17.55
|
20.19
|
104,374,122
|
12.72
|
|
United States
|
8,927,641
|
0.19
|
6.75
|
103,810,965
|
-13.45
|
|
Philippines
|
6,765,289
|
29.86
|
110.24
|
44,617,835
|
52.68
|
|
Thailand
|
4,205,662
|
-30.22
|
33.92
|
44,505,506
|
77.63
|
|
Laos
|
4,035,242
|
5.97
|
14.78
|
40,513,371
|
46.99
|
|
India
|
2,648,488
|
-24.60
|
46.74
|
36,974,134
|
96.97
|
|
Taiwan (China)
|
2,057,820
|
-19.88
|
-17.06
|
29,458,606
|
-5.29
|
|
Japan
|
1,706,980
|
-4.61
|
-16.11
|
19,930,685
|
-15.76
|
|
South Korea
|
1,016,631
|
-18.69
|
-50.02
|
16,412,314
|
-19.50
|
|
Indonesia
|
564,409
|
-37.49
|
-68.34
|
15,523,612
|
158.56
|
|
Bangladesh
|
464,596
|
-1.72
|
99.55
|
5,766,943
|
-10.05
|
|
Singapore
|
84,056
|
-59.92
|
-10.26
|
1,372,728
|
45.25
|
Source: Vietnam Customs
In the early months of 2026, feed ingredient prices are forecast to rise slightly due to expectations of increased Chinese purchases of US agricultural products. However, corn, soybean, and wheat prices remain pressured by abundant corn supplies from Brazil and the US; Argentina raising its crop outlook to record levels; a bumper wheat harvest in Russia; and increased wheat production in Australia.
Global feed prices continue to be heavily dependent on crop developments in the US, Brazil, and the Black Sea region, as well as concerns about China's purchasing commitments. However, the market remains pressured by strong yield prospects from the US and Brazil, and concerns about Chinese demand could provide solid support and limit the risk of sharp price declines.
In 2026, the risk of wheat price increases persists despite global oversupply, due to competition from other crops for export capacity.
In Vietnam, the growth prospects for the animal feed industry in 2026 are expected to be more positive than the previous year. Due to stable raw material supply and falling prices, the price of finished animal feed products in the country will continue to decline.
According to Decree 73/2025/ND-CP amending and supplementing the preferential import tax rates of some items specified in Appendix II - Preferential Import Tariff Schedule according to the List of Taxable Items specified in Article 3 of Decree 26/2023/ND-CP, the preferential import tax rates have been reduced. Specifically, the preferential import tax rate for corn kernels has been reduced from 2% to 0%; and for soybean meal from 1% and 2% to 0%. Vietnam is projected to continue increasing soybean imports in 2026, mainly due to strong demand for animal feed and low tariff barriers, especially for goods from the United States.
T.Huong
T.Huong
Source: Vitic
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