Vietnam: Grain and Feed Quarterly

Growth in the agricultural sector slowed in the first nine months of 2024 due to extreme weather, particularly Typhoon Yagi, which severely affected crop cultivation and livestock farming. However, the livestock and aquaculture sectors continue to grow due to economic recovery and high export demand which has led to higher demand for feed. With global corn and wheat prices remaining low, Vietnam has increased imports of feed ingredients. Vietnam importers are looking for lower cost supplies and diversifying sources of feed ingredients. Rice production area is declining due to shifts to other farm activities, urbanization, and climate change impacts. Changes in import-export policies in various nations, along with the Government's new policy on rice land, are expected to affect rice production, trade, and consumption.