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Vietnam feed exports increase by 22%

Published on 1 August, 2014, Last updated at 01:12 GMT
 
Vietnam feed exports increase by 22%

Vietnam exported USD$205 million of animal feed and animal-feed raw materials in the first half of the year, an increase of 22.1 per cent year-on-year, according to the General Department of Custom.

During this period, China was the largest importer of Vietnam's animal feed and raw materials with an import value of USD$62.3 million, followed by Cambodia with USD$45.8 million, Malaysia with USD$26.6 million and Japan with USD$18.3 million.

Vietnam's companies have exported animal feed and raw materials to more than 10 markets, mostly in Asia.

The US was the only market outside Asia that imported Vietnam's animal feed and raw materials. The US imported USD$756,000 of Vietnam's animal feed and raw materials.

A large quantity of the exported animal feed and raw materials are being temporarily imported for re-export, Pham Duc Binh, deputy chairman of the Vietnam Animal Feed Association, was quoted as saying in the Nong Nghiep Vietnam (Vietnam Agriculture) newspaper.

Many companies have imported raw materials like soybeans and then re-exported them to other countries, he explained.

However, animal feed and raw materials produced in Vietnam accounted for a significant amount of these exports, he said.

According to Vietnam's animal feed producers, Cambodia is the export market with the most potential for made-in-Vietnam animal feed and raw materials.

Cambodia's livestock sector is developing, but the country's animal feed industry has not met domestic demand, they said.

 

 
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