Vietnam spends over 2 billion USD on animal feed, material imports in 5 months

Vietnam spent 2.04 billion USD to import animal feed and raw materials for the production of this kind of commodity in the first five months of this year, according to the Ministry of Agriculture and Rural Development (MARD).

Vietnam spends over 2 billion USD on animal feed, material imports in 5 months hinh anh 1

Illustrative photo (Photo: Breeding Magazine)

Vietnam spent 2.04 billion USD to import animal feed and raw materials for the production of this kind of commodity in the first five months of this year, according to the Ministry of Agriculture and Rural Development (MARD).

The figure marks a year-on-year decrease of 2%.

Animal feed and raw materials from Argentina to Vietnam accounted for 25.8% of the total market shares, followed by India (18.3%) and the US (15.2%).

Compared to the same period last year, the imports from the three countries increased by 3.9%, 130%, and 28.3%, respectively.

MARD recommends that to reduce reliance on imported animal feed, farmers in localities should make use of available domestic raw materials, produce animal feed by themselves to reduce cost, and find sources of raw materials for animal feed production.

Ministries and agencies were asked to tighten control over the import of meat and by-products, support importers to reduce the costs of products, as well as create favourable conditions for the development of material zones for animal feed production./.

en.vietnamplus.vn

Related News

Resolve shortcomings for sustainable cashew export

Resolve shortcomings for sustainable cashew export

VCN - Behind the record number of cashew export output in 2023 are increasingly greater risks and challenges, causing the business performance of Vietnamese cashew processing enterprises to decline. Association and cooperation to share benefits in the value chain will be the key to bringing business efficiency and sustainable development to all parties.
Quang Ngai Customs

Quang Ngai Customs' revenue flourishes thanks to steel and coal imports

VCN – Taxable imports of iron ore and coal products rose in the first months of the year, helping the state budget revenue of the Quang Ngai Customs Department flourish.
Impression of exports at the beginning of the year

Impression of exports at the beginning of the year

VCN - In early 2024, our country's export activities prospered. Statistical data of the General Department of Customs records many impressive numbers, especially from key industries, markets and localities with billion-dollar growth figures.
116 customs branches have import and export declarations during Lunar New Year

116 customs branches have import and export declarations during Lunar New Year

VCN - Statistical data of the General Department of Customs records that during the Lunar New Year holiday of Dragon in 2024 (from February 8-14, 2024), there were nearly 10 thousand import and export declarations of goods registered with the Customs agency.

Latest News

Proactive in trade defense to maintain export advantages

Proactive in trade defense to maintain export advantages

VCN - Due to increasing production and export capacity, Vietnam's exported goods are facing cases of investigation and application of trade defense measures by foreign countries.
Enterprises expect effective, substantive reforms and put into practice

Enterprises expect effective, substantive reforms and put into practice

VCN - The restoration of the Program on reforming and improving the business environment by issuing Resolution No. 02 dated January 5, 2024 aims to create pressure and arouse the motivation and reform spirit of ministries and branches, and localities.
Trade deficit from China in the first two months of the year hits over US$ 11 billion

Trade deficit from China in the first two months of the year hits over US$ 11 billion

VCN – Over the past two months of the year, Viet-Nam trade turnover reached over US$ 27 billion.
Considering long-term strategies for rice exports

Considering long-term strategies for rice exports

VCN - In 2023, Vietnam continues its standing as one of the top three global rice-exporting nations, constituting about 15% of the total global rice export volume. Despite Vietnamese rice having established a foothold in various global markets, competition with other contenders has never ceased.

More News

A new decree expected to promote industrial cluster development

A new decree expected to promote industrial cluster development

The Government has issued a new Decree, No 32/2024/NĐ-CP, dated March 15th, 2024, regarding industrial clusters, with the aim of eliminating overlaps and fostering transparency in management and development.
Vietnam to export chicken meat to Islamic countries

Vietnam to export chicken meat to Islamic countries

The Ministry of Agriculture and Rural Development (MARD) will hold a conference in May to announce the export of chicken meat products to Islamic markets with an estimated volume of around 1,000 tonnes per month, according to Deputy Minister of Agriculture and Rural Development Phung Duc Tien.
Phones and components led the export turnover in the first 2 months of the year

Phones and components led the export turnover in the first 2 months of the year

In the first 2 months of 2024, most products recorded growth; Up to 39/45 items increased compared to the same period last year. Notably, phones of all types and components are the leading items in export turnover, estimated at US$9.58 billion.
Quảng Ninh targets to attract seven foreign-invested projects

Quảng Ninh targets to attract seven foreign-invested projects

The province strives to attract US$3 billion worth of foreign investment by the year-end.
Binh Duong to have 10 more industrial parks by 2030

Binh Duong to have 10 more industrial parks by 2030

The southern province of Binh Duong has planned to develop 10 more industrial parks (IP) in the 2023 - 2030 period, according to head of the provincial Industrial Park Management Board Nguyen Trung Tin.
Wood, furniture firms advised to take advantage of e-commerce

Wood, furniture firms advised to take advantage of e-commerce

To increase brand recognition and to access more customers, Vietnamese wood, furniture, and handicraft businesses need to consider and invest systematically in online sales activities, diversifying sales channels in their business strategies, Vice Chairwoman of the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA) Duong Minh Tue has said.
Building Vietnamese product brands abroad: Lessons from persistence

Building Vietnamese product brands abroad: Lessons from persistence

VCN - Many Vietnamese products have affirmed their position and created a solid foothold in foreign markets thanks to successful brand building. However, experts say that the brand image of Vietnamese goods is still relatively modest in many markets.
Green production critical to sustainable textile, garment export

Green production critical to sustainable textile, garment export

Textile and garment exports posted a year-on-year increase of 15% in the first two months of 2024, a result partly attributed to the industry’s gradual adaptation to the green production requirement of import markets.
Vietnamese organic products to make way to Australia

Vietnamese organic products to make way to Australia

A delegation of 19 Vietnamese businesses, the Vietnam Organic Agriculture Association (VOAA), and several organic farming trainers will go to Australia to popularise various kinds of organic products from March 18-25.
Read More

Your care

Latest Most read
Proactive in trade defense to maintain export advantages

Proactive in trade defense to maintain export advantages

Due to increasing production and export capacity, Vietnam's exported goods are facing cases of investigation and application of trade defense measures by foreign countries.
Enterprises expect effective, substantive reforms and put into practice

Enterprises expect effective, substantive reforms and put into practice

VCN - The business environment is an important pillar of institutional reform to create the most favourable conditions for enterprises of all economic sectors to develop; making a meaningful contribution to the economic development of the industries, loca
Trade deficit from China in the first two months of the year hits over US$ 11 billion

Trade deficit from China in the first two months of the year hits over US$ 11 billion

VCN - According to the General Department of Vietnam Customs, Vietnam’s export turnover to China increased 6.4% to US$ 7.96 billion year-on-year.
Considering long-term strategies for rice exports

Considering long-term strategies for rice exports

VCN - In 2023, Vietnam continues its standing as one of the top three global rice-exporting nations, constituting about 15% of the total global rice export volume. Despite Vietnamese rice having established a foothold in various global markets, competitio
A new decree expected to promote industrial cluster development

A new decree expected to promote industrial cluster development

The Government has issued a new Decree, No 32/2024/NĐ-CP, dated March 15th, 2024, regarding industrial clusters, with the aim of eliminating overlaps and fostering transparency in management and development.
Mobile Version