Animal feed imports drop to US$618mln

Read the original news 

Hanoi Times English - 31 month(s) ago 4 readings

The Hanoitimes - Vietnam spent US$618 million importing animal feed in the first four months of this year, down 19.3 percent from the same period last year, said the Ministry of Agriculture and Rural Development.

The Hanoitimes - Vietnam spent US$618 million importing animal feed in the first four months of this year, down 19.3 percent from the same period last year, said the Ministry of Agriculture and Rural Development.

An official of the Vietnam Animal Feed Association attributed the lower import value to decreasing prices of imported fodder and more abundant supply of products o­n the local market.

"Lower import prices stem from the reduced prices of raw materials for fodder, mostly corn, cereal grains, soy-beans and cassava," said Pham Duc Binh, deputy chairman of the association.

In addition, it was time for the harvest of cereal grains, potatoes, wheat and winter-spring rice crops, causing paddy prices to fall considerably.

The considerable dependence o­n raw material imports for fodder has made the prices of final products in Vietnam 10-15 percent higher than in Thailand and China, Binh added.

At the same time, supply of fodder o­n the local market is insufficient to satisfy local demand.

Le Ba Lich, chairman of the association pointed to the fact that Vietnam has to import 35 percent in volume and 45 percent in value out of the total demand of the local market. According to him, Vietnam still lacks a master plan o­n land for material plantations.

He added that cassava is essential in feed processing and the Ministry of Agriculture and Rural Development should map out specific plans for cassava plantations so as to meet local market demand as well as to support a decrease in import taxes.

ATP

There is no comment

Please Sign up or Login to comment.

Top page