Vietnam: Oilseeds and Products Annual

  |   Attaché Report (GAIN)   |   VM2023-0015

Vietnam’s economy has continued to rebound after the COVID-19 pandemic, while also being affected by global inflation and local price hikes for ingredients. Total animal feed demand is forecast to increase to meet growing animal production demands. Soybean imports are forecast to increase in both MY2022/23 and MY2023/24, driven by both demand for crush and food consumption. Soybean meal consumption is forecast to increase due to projected higher total demand feed.

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