Vietnam: Oilseeds and Products Update

  |   Attaché Report (GAIN)   |   VM2021-0082

Vietnam continues to struggle through its fourth Covid-19 outbreak which began in May 2021. The latest, and most severe outbreak has negatively affected the livestock and aquaculture sectors, as well as total feed demand due to strict government regulations and restrictions. Post revises its forecast of soybean imports lower in MY2021/22 following the projected soybean crush due to lowering its forecast of total feed demand. Higher soybean meal exports are estimated to partially offset the soybean meal imports in MY 2020/21. Post keeps soybean meal imports estimated in MY2021/22 unchanged.

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