Vietnam spent nearly US$160 million importing cattle feed in the first month of the year, replicating 2010’s figures, announced the Ministry of Agriculture and Rural Development.
According to cattle feed producers, import value would be much greater due to the importation of corn and wheat for cattle feed processing.
Vietnam's feed demand in 2011 potentially could reach 20.6 million tonnes, of which 7.7 million tonnes would be imported, a state-run newspaper cited industry projections last month as saying.
Vietnam spent an estimated $200 million to import feed and raw material such as corn and soymeal for feed production in January, up 24.2 per cent from the same month last year, government data show.
In 2010, Vietnam's imports of feed and the materials that go into feed rose 22.4 per cent in value from the previous year to $2.17 billion.