Vietnam’s wheat imports impact on corn

24.04.2017

Vietnam is finding that wheat is a good alternative to corn. According to a recent US Department of Agriculture FAS report, feed wheat imported in marketing year 2016/17 and 2017/18 is estimated to increase sharply due to its price competitiveness.

“Initially wheat was almost exclusively used in aquaculture. Currently, due to the competitive price of feed wheat, it is becoming a crucial ingredient in producing compound feed for aquaculture and livestock. This is impacting total corn imports into Vietnam,” said the report. Imported wheat accounts for about 20-25% of total imported wheat in recent years. However, the import volume is likely to increase greatly from 600,000 tonnes to 1.1 million tonnes.


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