Vietnam: Oilseeds and Products Update
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In 2020, Vietnam had to confront dual COVID-19 and African Swine Fever outbreaks, which affected both animal feed demand and domestic oil consumption. Closures of restaurants, hotels, schools, and industrial canteens led to lower soybean consumption for food use and changed oil consumption habits. Recovery in industrial-scale swine facilities and poultry and aquaculture production growth are expected to increase soybean meal feed consumption in MY2020/21.