3rd Global Feed Summit

29-30 Nov, 2017 - Bangkok

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Vietnam’s growing feed market

Posted on : 26 Jul, 2017

 

Vietnam’s animal feed market is growing rapidly, with the country importing animal feed and also materials for producing animal feed worth US$1.8 billion in the first half of 2017. This is a year-on-year increase of 17.3 per cent. The country’s Department of Animal Husbandry has proposed a plan to temporarily stop building new feed mills in Vietnam and has advised the animal feed industry to promote internal resources, use feed more effectively, control diseases and reduce costs to compete with imported products.

Vietnam primarily imports animal feed and materials from Argentina – that is worth $828 million – a 21.6 per cent year-on-year surge, accounting for 46.7 per cent of its total imports.

The other countries that Vietnam imported include – Brazil – imports worth $68 million, up 5 per cent and China - $75 million, down 32 per cent.

In the first half of 2017, Vietnam also imported animal feed and materials from the US, India, Indonesia, Italy and Austria.

Investments in Vietnam’s feed industry continues from global companies – especially in its aqua feed sector. This year, aquatic feed maker Skretting opened a new shrimp feed plant in Vietnam which will serve the country's fast-growing shrimp sector. The plant is 23,000 square meters and has an initial annual production capacity of 60,000 metric tons. The facility is located in the Thuan Dao Industrial Zone, Long An, near to transport links to other important farming provinces in the Mekong Delta.

Earlier this year – Cargill opened its tenth aqua feed line at its feed mill in Ha Nam in Vietnam. It is Cargill’s second aquaculture feed line in the North of Vietnam. With a production capacity of 3,000 MT/month, the line focuses on high quality extruded feed for Tilapia and other local species to serve the local demand for floating fish feeds.

For more information on feed markets in Vietnam and Asia, attend CMT’s 3rd Global Feed Summit on 29-30 November, 2017 in Bangkok.

Email Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147 for more information.

Read more:
VN imports animal feed worth $1.8b in H1
Skretting opens 60,000t shrimp feed plant in Vietnam
Cargill in Vietnam inaugurates new aquaculture feed line


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