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The import volume of animal feed and raw materials to Vietnam is expected to reach nearly 10 million tons worth US$5.4 billion in 2022, down 4% in volume but up 8% in value compared to 2021.
OVER $3.5 BILLION IMPORTING SOY AND DRYING SOY OIL
Of the US$5.16 billion of imported animal feed and raw materials, mainly imported animal feed manufacturing raw materials amounted to nearly US$5 billion. From the beginning of 2022 to now, Vietnam has imported 27 kinds of animal feed ingredients.
In the past 11 months, the volume of soybeans to Vietnam reached 1.7 million tons and cost US$1.18 billion, down 9.8% in volume but up 7.8% in value over the same period in 2021 corresponds. Soybean import volume to Vietnam in the coming months is expected to reach 120-160 thousand tons/month, with import prices of 700-730 USD/ton.
Vietnam imports soybeans from five markets, of which Brazil is the largest soybean supplier, accounting for 70% of total soybean imports, up 10.9% over the same period in 2021. Vietnam’s largest soybean supplier is due in 2022 and the first half of 2023 with an ample supply and competitive prices compared to other supply markets.
The amount of soybean imports from Brazil in 2022 is expected to reach over 1 million tons, up 11% from 2021. The US is Vietnam’s second-largest soybean supplier, but the import volume fell sharply, reaching 519,000 tons, down 38.2% from the same period in 2021 and accounting for 30.3% of the import share.
“In the first 11 months of 2022, soybean meal imports to Vietnam reached 4.33 million tons and cost US$2.44 billion, down 7.1% in volume but up 4.2% in value compared to the same period last year. in the same period in 2021, accounting for 47% by volume and 49% by value of Vietnam’s total import of animal feed ingredients.
According to the General Department of Customs.
However, soy is not yet the raw material with the highest proportion of feed ingredients, but the “champion” belongs to soy meal.
The main sources of soybean meal are South America and America. The average import price of soybean meal in October 2022 was USD 587/ton, down 1.4% month-on-month but up 25.2% compared with October 2021. The import volume of soybean meal to Vietnam in 2022 is expected to reach 4.7 million tons worth US$2.65 billion, down 6% in volume but up 6% in value from 2021.
For palm oil, 11-month imports reached 515,000 tons worth $111 million, down 8.2% in volume but up 6.9% in value over the same period in 2021. The main suppliers of palm oil products are Indonesia (421,300 tons). ) and Malaysia (reached 27.4 thousand tons).
In the past 11 months, Vietnam’s animal feed producers imported 237,000 tons of rapeseed meal worth US$91.5 million, down 15.8% in volume and 7.8% in value from the same period in 2021 India, United Arab Emirates, Pakistan…
From the beginning of the year to now, the amount of cattle feed imported into Vietnam has reached 1.23 million tons, with a turnover of USD 460 million, up 0.8% in volume and 21.1% in value over the same period in 2021 corresponds.
Vietnam imported 521,000 tons of rice bran worth US$112 million, up 1.8% in volume and 23.1% in value over the same period in 2021. The main supply market for this product is India. The average import price of rice bran was $241/ton in November 2022, the same amount as in the previous month, up 23.2% compared to November 2021.
The import of corn bran also rose sharply, importing 140,000 tons in 11 months, with a turnover of USD 43 million, an increase of 6.2% in volume and 23.7% in value compared to the same period in 2021 . Main products of corn bran are China and India. In addition, our country imported 354,000 tons of wheat bran, down 16.9% from the same period in 2021. The main source of wheat bran is from Tanzania, Indonesia…
The import of fishmeal in 11 months reached 110,000 tons, the turnover was USD 163 million, down 13.2% from the same period in 2021. The main supply markets for this item are India, Oman, Peru… Current import price for average fishmeal $1,522/ton.
In 11 months, feed companies also spent $503 million on importing dietary supplements, up 0.9% from the same period in 2021. The main supply market is Asia (China, Thailand…).
concerning about IMPORTED MEAT BONE POWDER
According to the General Department of Customs, Vietnamese companies imported 724,000 socks of meat and bone meal and spent USD 402 million in the 11 months of 2022; increased by 17.1% in volume and 33.7% in value compared to the same period in 2021. The average import price of meat and bone meal was $565/ton in November 2022, an increase of 7.8% compared to November 2021.
The EU is the largest supplier of meat and bone meal to Vietnam in 2022 and the first half of 2023 due to incentives from the EU-Vietnam Free Trade Agreement (EVFTA), import tax lines Most goods are imported at 0%, which is the import price of meat – and bone meal from the EU will be competitive compared to other supply markets.
The volume of imports of meat and bone meal from the EU in 2022 is expected to reach almost 500,000 tons worth US$277 million, an increase of 22.5% in volume and 40.6% in value compared to 2021. The US is the market that supplies the second largest meat and bone meal after Vietnam, accounting for 14.9% of Vietnam’s total imported meat and bone meal in 2022.
Vietnam also imported 210,000 tons of poultry meat meal worth USD 200 million in 11 months of 2022; Volume increased by 8.1% and value by 21% compared to the same period in 2021. The average import price of poultry meal was $961/ton in November 2022, increasing by 3.9% compared to the same period corresponds to the previous year. The main supply markets for this item are USA, Brazil, Saudi Arabia…
Imports of pork bone meal and poultry meal have surged, showing that animal feed manufacturers in Vietnam still use many of these ingredients.
“Poultry meat and bone meal is made from waste products, so there is a risk that it contains many toxic substances that may contain viruses and pathogenic bacteria. Therefore, raw materials are no longer used in animal husbandry in the EU.”
Mr. Truong Sy Ba, Chairman of the Board of BaF Company.
Mr. Truong Sy Ba, CEO of BaF Company, said many animal feed factories still use animal protein imported from European companies at very low prices and made from bones, pig by-products and unused parts of pigs.
“If this by-product is not processed into meat and bone meal, developed countries in developed countries will have to spend more money on processing to avoid environmental problems, so processed animal protein is actually not included in the profit cost, so the price is very cheap,” informed Mr. Ba.
Mr. Vu Anh Tuan, deputy general manager of CP Vietnam Livestock Joint Stock Company, said that in the past, some essential amino acids in livestock that are not present in plants could not be synthesized by humans. At that time, the production of animal feed must use a certain percentage of animal protein, including: fish meal, meat meal, bone meal, feather meal…
But now that technology has developed, humans are able to produce most of the essential amino acids and key nutrients to balance pet food. Therefore, today advanced animal feed manufacturers around the world, including the Vietnam Joint Stock Company, no longer use animal protein materials, but instead use 100% plant-based materials.
Mr. Tuan also expressed surprise when he heard that the amount of meat and bone meal and poultry meal imported into Vietnam is too large, saying, “Only outdated technology companies still need this material, and sooner or later they will have to these companies change if they want to survive and develop sustainably.”
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