Animal Feed Import Rises by 59 per cent in 8 Months
Vietnamese enterprises were estimated to import US$120 million worth of animal feed and feed materials in August alone, raising their total import in eight months of 2007 to US$783 million, up 58.6 per cent on year, the General Statistics Office said.
In Jan-Jul period, the enterprises imported US$663 million worth of the products from 30 countries and territories worldwide, an on year rise of 76.3 per cent from that of 2006.
Among them, India remained it as the biggest exporters of animal feed to Vietnam, selling US$266.4 million, followed by Argentina with US$108.2 million.
Thailand and China were the third and fourth biggest suppliers, exporting $37.8 million and $37.6 million animal feed to Vietnam in the first seven months of 2007, respectively.
Local animal feed producers have raised product’s price eight times due to increasing price of imported animal feed in Jan-Jul period.
The price of animal feed increased by VND15,000-20,000 to surpass VND200,000 per 25kilo bag on average late Jul while price of aquatic animal feed staying at high level at VND150,000-180,000 per bag.
According to the Animal Husbandry Department, local sources of materials can satisfy 70 per cent of the demand. Vietnamese animal feed price is always 15 per cent-20 per cent higher than that in regional countries due to high production costs.
Vietnam now has 241 animal feed producers, of which 35 per cent receive foreign investment which occupy 50 per cent of the country’s total output. (
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