Vietnam: Grain and Feed Annual

Post revised its Vietnam’s feed demand estimates for calendar year (CY) 2020 at 27.18 million metric tons (MMT) with increases in animal feed offsetting decreases in aquaculture feed, and forecasts CY2021 feed demand will increase slightly by 2 percent to 27.85MMT due to ongoing momentum in animal feed. Post revised estimates for MY20/21 wheat consumption down to 3.4MMT, slightly higher than the USDA official number, on lower consumption of milling and feed wheat. Post revised its estimates of Vietnam’s corn consumption down to 14.5MMT for MY20/21, lower than the USDA official number, on lower feed and residuals. Post kept MY20/21 paddy production estimates at 43.36MMT, regardless of lower area, at 7,350 thousand hectares (THA). Post forecasts MY21/22 production and area will not increase, but remain the same as the previous year, considering the longer downward trend in cultivation area, prevalence of droughts and salinity intrusion, and the scarcity of Mekong River floods in recent years.