Border closures expected to reduce Vietnam feed demand
Vietnam feed demand last year increased by 31% compared to the year before. The jump was attributed to the export of live pigs to neighbouring countries. The US Department of Agriculture’s Foreign Agricultural Service (FAS) report noted that the demand growth came mostly from private farms who produced home-made feed from local rice/rice products and local corn with imported ingredients.
This, however, is expected to decrease sharply this year after border closures last December. According to FAS estimates, based on the total number of swine in the calendar year, the total feed demand in 2016 was 34.17 million tonnes, over 8 million tonnes increase from 2015. This year total feed demand is forecast at 27.49 million tonnes.