Animal feed imports rise 28.4% to nearly US$5 billion
Wednesday, January 19, 2022 14:34
VOV.VN - Vietnam spent nearly US$5 billion on importing animal feed and related raw materials last year, representing a rise of 28.4% compared to 2020, according to preliminary statistics released by the General Department of Vietnam Customs.
The major suppliers of animal feed and raw materials to the country were Argentina, the United States, Brazil, and the European Union.
Most notably, imports from Argentina were worth US$1.66 billion or 33.6% of the total, an increase of 7.8% compared to 2020, followed by the US with turnover increasing by 61.7% to US$817.64 million.
Imports of animal feed and raw materials from Brazil witnessed a sharp rise of 68.4% to US$659.69 million, while those from the EU and Southeast Asian markets edged up 39.7% and 20.9% to US$398.25 million and US$362.22 million, respectively.
The Vietnam Poultry Breeders Association noted that the price of raw materials for producing animal feed is anticipated to rise in the coming time due to a heavy reliance on imported supply sources, the impact of COVID-19, along high logistics costs.
VOV
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