Corn import volume increased by 30%

According to MARD, in the first five months this year has imported 2.87 million VN tons of corn for the production of animal feed worth $ 622 million. Compared with the same period last year, imports of corn rose by 30% in volume and 17% in value.

In terms of volume, imports of corn during the first five months of 2015 has exceeded export almost 1 million tonnes of rice. By following VN Food Association (VFA), estimates of VN rice exports in period on less than 2 million tons.

VN rice export business being rated as the toughest for years because most of the market are hardly new contracts while the price of rice for temporary storage at a high level.

Feed Association VN said, as demand for domestic food processing increased while lower corn prices, corn imports have continued to increase in recent years, mainly from Brazil, Argentina, India India, America ...

In addition to corn, in the first five months of enterprises also import 730,000 tonnes of soybeans and over 1.38 billion kinds of animal feed and other raw materials.