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Vietnam: Grain and Feed Update. Post maintains its estimate for marketing year 2020/2021 (MY20/21) corn consumption at 14.5 million metric tons (MMT), but revised MY21/22 corn consumption down to 14.35MMT on a lower estimate for feed and residual with anticipation of declining feed demand in the second half of CY2021. Post also raised its.
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Corn Production. 2020 Main Crops (Apr - Jan) — (Last Chart Updated on 03/04/2024) Subregions: Primary Production in Vietnam. (~80% of total corn production) Northen Midlands. (37% of total corn production) Central Highlands. (24% of total corn production)
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Corn cargoes on CFR Vietnam basis for shipment over March-May were offered between $344-$346/mt CFR Feb. 7. The forward curve for corn prices slopes downward with June shipment indicated at $331-$332/mt CFR while shipments over July-November, when Brazil's Safrinha crop reaches the market, were at $314-$317/mt CFR, according to market sources.
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Vietnam has turned to imports of corn as a feed ingredient to support the level of meat production, which increased nearly 30 percent in the last decade. Vietnam is by far the largest importer of corn in Southeast Asia and USDA forecasts it to be the fifth-largest importer globally in 2021/22. Though pork has principally been the meat of choice.
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Vietnam was the Southeast Asia region's largest importer of U.S. corn during the MY 2020/2021, importing roughly 517 TMT (20.35 million bushels) despite a five percent import tariff. However, U.S. corn has faced competition in the Vietnamese market, with only a three percent market share in an 11 million metric ton (MMT) import market.
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Chop green onion into ~0.5cm pieces. Heat vegetable oil on medium in a large pan. Add the corn and sauté for 1 minute. Add the bouillon powder, sugar, fish sauce, and shrimps/bacon bits, and sauté for 1 minute. Add butter and stir to melt, then mix well to coat the corn. Taste and add more bouillon powder or fish sauce, if needed.
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The fastest growing export markets for Corn of Vietnam between 2021 and 2022 were Chinese Taipei ($214k), Burkina Faso ($37.8k), and Cote d'Ivoire ($22.2k). Imports In 2022, Vietnam imported $2.62B in Corn, becoming the 6th largest importer of Corn in the world. At the same year, Corn was the 22nd most imported product in Vietnam.
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Making Vietnamese grilled corn. Remove the husks from the corn. Put the corn on a plate and microwave for 10 minutes. Alternatively, bring a pot of water to a boil and boil the corn for 10 minutes. Both methods work! Heat a grill pan until hot. Test the pan is hot by sprinkling some water on it. If it sizzles, the pan is hot.
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Market Area Production Yield; Year (1000 Ha) (1000 Tons) (T/Ha) 2013/2014: 1,170: 5,191: 4.4: 2014/2015: 1,179: 5,202: 4.4: 2015/2016: 1,179: 5,287: 4.5: 2016/2017.
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Vietnam: Grain and Feed Update. Post revised its marketing year 2019/2020 (MY19/20) and MY20/21 total corn consumption estimates up to 14.25 million metric tons (MMT) and 15.00MMT, respectively, due to higher feed and ethanol ingredient demand; these estimates are lower than the USDA official numbers. Post revised its estimates for MY19/20.
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Vietnam is one of the fastest growing feed markets in the world. It is a major buyer of corn and, historically, distiller's dried grains with solubles. It is also forecast to become the world's largest per capita consumer of pork by 2020. In less than a decade, Vietnam has grown from being the #16 corn importer in the world to the #3 corn.
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Post revised Vietnam's feed consumption estimate in 2023 to 26.6 million tons (MMT) with a significant decline in aquafeed consumption. With corn prices lower than those of wheat and rice, leading to higher consumption and higher import of corn, Post revised MY 2022/23 corn consumption at 13.9 MMT and the MY 2022/23 import at 9.8 MMT.
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Wheat tariff eliminated, while corn reduced to 2% tax and pork down to 10%. Vietnamese government officials announced Monday that it has revised its Most Favored Nation tariff rates and as of Dec. 30, 2021, it will reduce the import tax on corn from all origins to 2% from 5% and zero out the tax on wheat, which was previously 3%.
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The FAS revised corn consumption in Vietnam in 2022-23 up slightly to 13.9 million tonnes, with imports estimated at 9.8 million tonnes, up 600,000 tonnes from the prior year. It projects 2023-24 corn imports at 10.2 million tonnes. It revised 2022-23 wheat consumption lower to 4.08 million tonnes in 2022-23 and imports down to 4.11 million tonnes.
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04.21.2022. By Arvin Donley. HANOI, VIETNAM — Animal feed demand in Vietnam is forecast to grow in marketing year 2022-23 as the country is expected to import more corn to offset lower domestic production and reduced feed wheat supply, according to a Global Agricultural Information Network report from the Foreign Agricultural Service of the.
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Vietnam corn production began increasing in the 1980s and continued this general trend through 2015. However, it reached an inflection point in 2015/16 as imports exceeded production for the first time since the 1970s. Corn production stalled and started to decline as domestic producers were increasingly less able to compete with imported corn.
