Business

Over 9 bln USD spent on import of animal feed raw materials

Vietnam spent 9.07 billion USD to import nearly 22.3 million tonnes of raw materials for animal feed production in 2021, according to the Ministry of Agriculture and Rural Development (MARD)’s Department of Livestock.
Over 9 bln USD spent on import of animal feed raw materials ảnh 1Illustrative image (Photo: baodautu.vn)
Hanoi (VNA) - Vietnam spent 9.07 billion USD to import nearly 22.3 million tonnes of raw materials for animal feed production in 2021,according to the Ministry of Agriculture and Rural Development (MARD)’s Department of Livestock.

The department also reported at a conference to discuss solutions to promoting pig breeding andstrengthening the management of animal feedproduction and businessheld by the MARD on March 18 in Hanoi that due to theimpact of the COVID-19 pandemic and especially the recent Russia-Ukraineconflict, the prices of many raw materials for animal feed production have increased strongly.

Notably, the price has increased by about 29.3 percent forcorn, 33.4 percent for soybean oil, 23.1 percent for cornmeal, and 49.5percent for wheat.

The department forecast that the prices of raw materials will remain high to the end of this year.

Tong Xuan Chinh, vice director of the department, said Vietnam currently produces only 35 percent ofanimal feed, and the rest depends on imports, he added.

So far, Vietnam’s livestock sector has made up 25.2 percent ofGDP of the agricultural sector.
More and more Vietnamese and foreign enterpriseshave invested in the development of animal husbandry production andfood processing chains, including Masan, Dabaco, Tan Long, Truong Hai, HoaPhat, CP, Deheus and Japfacomfeed./
VNA
#raw materials #animal feed production #pig breeding #price #Vietnamplus #Vietnam news #Vietnam News Agency
Follow VietnamPlus

Related News

Vietnam imports Indian broken rice

Vietnam imports Indian broken rice

Vietnam, for the first time in decades, has signed a contract with India to buy 70,000 tonnes of 100-percent broken rice from India to meet increasing demand of this kind of rice in the domestic market for producing animal feed.
Animal feed exports poised to hit 1 billion USD mark

Animal feed exports poised to hit 1 billion USD mark

Vietnam’s animal feed exports would likely touch the 1 billion USD mark in the near future as many large-scale enterprises in the field have continued to expand their production, trade experts have predicted.

See more

Hanoi’s roadmap to implement low-emission zones from July is providing a strong boost to the electric two-wheeler market (Photo: VNA)

Low-emission zone roadmap drives electric two-wheeler boom in Hanoi

From July 1, Hanoi will introduce time-based or area-based restrictions on petrol-powered motorcycles within Ring Road 1, with plans to expand coverage across the entire zone by 2028 and extend to areas within Ring Road 3 by 2030. The policy is expected to reshape travel habits for millions of urban residents.

Delegates at the opening ceremony of the Made in Da Nang Expo 2026 (Photo: VNA)

Nearly 300 firms join Made in Da Nang Expo 2026

Speaking at the opening ceremony, Vice Chairman of the Da Nang People’s Committee Tran Chi Cuong said the exhibition is a large-scale trade promotion event aimed at showcasing products, connecting markets, and helping businesses enhance competitiveness while expanding domestic and export markets.

Green production, standardised value chains key to fruit, vegetable sector growth

Green production, standardised value chains key to fruit, vegetable sector growth

Facing mounting pressure from increasingly stringent domestic and international standards, Vietnam’s fruit and vegetable sector is accelerating its shift toward green, safe, and sustainable production models. Beyond changing farming practices, localities and businesses are stepping up efforts to standardise value chains and build brands to achieve growth targets for 2026.

The launch of the Vietnam National Brand Week 2026 on April 16 (Photo: VNA)

Vietnam National Brand Week 2026 opens

Running from April 16 to 23 nationwide, the Vietnam National Brand Week 2026 marks the 18th anniversary of Vietnam Brand Day (April 20, 2008 – 2026).

Ca Mau is currently home to more than 5,200 fishing vessels, including nearly 1,900 boats measuring over 15 metres in length, and all have been equipped with vessel monitoring systems. (Illustrative photo: VNA)

Ca Mau drives changes among fishermen to tackle IUU fishing

Ca Mau is stepping up communication campaigns to disseminate legal regulations on IUU fishing, highlight recent enforcement results, and convey recommendations from the European Commission (EC)’s fifth inspection mission to fishing communities and relevant stakeholders.