More than five million tons of corn imported in seven months
Sketched by T.Bình |
According to the General Department of Vietnam Customs, in July, the whole country imported 593,948 tons of corn with a turnover of US$225.448 million, decreasing by 40.7% in volume and dropping by 40.7% in turnover compared to June 2022.
From the beginning of the year to the end of July, Vietnam has imported 5,143,869 tons of corn with a turnover of US1.83 billion, a decrease of 20.4% in volume but rising by 1.9% in turnover.
Despite a decrease in volume, the increase in turnover showed that the average imported price of this item was much higher compared to the same period last year.
For example, the average imported price in the first months of 2022 is up to US$356/ton, rising by 28% compared to the same period in 2021 (US$278/ton).
In terms of the import market, Argentina continues to maintain its position as the No. 1 corn supplier to Vietnam.
Furthermore, in the first seven months, the South American country alone provided 3,187,169 tons, with a turnover of more than US$1.15 billion, accounting for 62% of the volume and 63% of the turnover of this item of the country.
Compared to the same period in 2021, the amount of corn imported from Argentina increased by 6% (equivalent to more than 180,000 tons), while the turnover increased by 28.3%.
The other two major markets are India and Brazil, but both countries have a sharp decrease in imports compared to the same period in 2021.
Specifically, India reached 635,732 tons, with a turnover of US$207.8 million, dropping more than 420,000 tons, and the turnover decreased by more than US$88 million.
While Brazil reached 386,195 tons, the turnover was US$127.77 million, reduced by nearly 1 million tons and the turnover decreased by more than US$172 million.
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