Vietnam Corn Imports Rise While Wheat Tumbles
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Vietnam depends strongly on Feed imports for its livestock production, with poultry, pork, seafood & more being exported globally. Usually, Wheat represents an essential part of Feed imports, along with Corn or Soybean Meal. Due to Wheat prices rising to record highs in the US and strong demand from MENA for LatAm Wheat, Vietnam increased Corn imports in May & Jun by 426 kmt & 130 kmt, respectively, YoY. Meanwhile, Wheat imports decreased by 222 kmt in May YoY, near Jun imports level, which remained essentially the same (-6 kmt YoY).
Vietnam Corn & Wheat Imports From May to Jun 2022
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