Feed prices rose by approximately 10–14% compared to the beginning of the year. If tensions in the Middle East persist, prices could increase further by 20–25% throughout 2026.

From early May, several major feed producers simultaneously announced price adjustments for livestock and poultry feed products.

Feed producers raised selling prices
GreenFeed Vietnam increased prices by 200–300 dong per kg depending on product type, effective May 2. Vinafeed raised prices by 300 dong per kg for concentrated feed, piglet feed, and fish feed, while other products increased by 200 dong per kg, also effective May 2. De Heus Vietnam implemented price hikes from May 4, with increases of 300 dong per kg for concentrated feed and piglet feed, and 200 dong per kg for other livestock and poultry feed products.

Compared to the period before the Middle East conflict, the price of a 25-kg feed bag increased by around 15,000 dong (warehouse price), while transportation costs rose from 25,000 dong to 35,000 dong per shipment. These increases were cumulative after three to four rounds of price hikes.

Since the beginning of 2026, companies had adjusted prices twice, with an average increase of 400–600 dong per kg.

Import supply declined
According to preliminary data from Vietnam Customs, Vietnam’s imports of animal feed and raw materials in April 2026 fell by 15.05% compared to March and by 22.2% year-on-year, reaching over 317.7 million USD.

In the first four months of 2026, total imports amounted to nearly 1.32 billion USD, down 15.77% compared to the same period in 2025.

The United States remained the largest supplier, accounting for 21.99% of total imports with nearly 291 million USD, up 28.13% year-on-year. However, April imports from this market dropped to 51.3 million USD, down 29.14% month-on-month and 12.31% year-on-year.

Argentina ranked second with a 16.99% share, totaling over 224.8 million USD, sharply down 67.07% year-on-year. April imports from Argentina fell significantly to 21.63 million USD, down 67.11% month-on-month and 88.44% year-on-year.

China showed strong growth, with April imports rising 43.36% compared to March and 133.55% year-on-year to 60.54 million USD. In the first four months, imports from China increased by 59.74% year-on-year to 165 million USD, accounting for 12.47% of the total.

Some smaller markets posted strong growth, including India (+123.46%), Canada (+489.35%), Spain (+104.41%), and Germany (+136.04%).

Exports surged strongly
According to Vietnam Customs, animal feed exports in April 2026 increased by 10.75% compared to March and surged by 51.28% year-on-year to 163.6 million USD.

In the first four months of 2026, exports reached 602.28 million USD, up 55.18% compared to the same period in 2025.

China remained the largest export market, accounting for 52.27% of total exports with over 314.8 million USD, up 78.04% year-on-year. April exports to China reached over 108.8 million USD, increasing by 25.08% month-on-month and 80.1% year-on-year.

Cambodia ranked second with a 12.48% share, totaling over 75.18 million USD, up 56.03% year-on-year. April exports reached nearly 20 million USD, rising 0.38% from March and 39.74% year-on-year.

Malaysia followed, with April exports up 3.42% month-on-month and 17.46% year-on-year to 10.1 million USD. In the first four months, exports to Malaysia increased by 16.67% year-on-year to 38.73 million USD, accounting for 6.43% of total exports.

Exports to the United States declined in April by 8.05% compared to March and 18.95% year-on-year to 8.22 million USD. However, cumulative exports to this market in the first four months still rose by 10.74% year-on-year to 34.68 million USD, representing 5.76% of the total.

Overall, Vietnam’s animal feed exports expanded across most markets in the first four months of 2026.

Outlook
Feed prices were expected to continue rising in the coming period as supply tightens. Higher oil prices increased transportation and fertilizer costs, creating a domino effect on feed production costs, with potential increases of 10–20%.

The global feed additives market, valued at 37–58 billion USD, was projected to grow by 3–6%, disrupting supply and potentially pushing amino acid prices up by 25–60%. Meanwhile, key inputs such as corn, soybean oil, wheat, and fertilizers were expected to rise by 10–20% due to export disruptions linked to the Middle East situation.

Source: Vitic