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Vietnam's feed industry growth rate ranks first among ASEAN countries

 Last Update: 2022-03-03
 Source: Internet
 Author: User

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Vietnam's " Cultivation Magazine" reported on February 8 that despite the impact of the new crown pneumonia epidemic , the development of Vietnam 's feed industry has achieved rapid growth
.
In 2021, Vietnam's total national feed production will reach 21.
4 million tons, a year-on-year increase of 5.
4%
.
Among them , the output of live pig feed was 10.
88 million tons, a year-on-year increase of 22%, the output of poultry feed was 9.
75 million tons, a year-on-year decrease of 8.
7%, and the output of pet feed was 760,000 tons, a year-on-year increase of 7.
3%
.

According to the Breeding Bureau of the Ministry of Agriculture and Rural Development of Vietnam, one of the highlights of the feed industry in 2021 is that the export value of feed and its raw materials exceeded the US$1 billion mark for the first time, reaching US$1.
049 billion
.
Among them, feed exports to China, Cambodia, the Philippines and Thailand increased by 75.
6%, 22.
7%, 165.
3%, and 78.
2% year-on-year respectively
.
At the same time, in order to continue to support the development of feed enterprises and stabilize domestic feed prices, the Vietnamese government has lowered the most-favored-nation import tax rate for some feed raw materials from December 30, 2021.
The import tax rate of wheat has been reduced from 3% to 0%, and the import tax rate of corn has been reduced from 5% to 2%
.

Breeding Epidemic Feed Live Pigs Poultry Pets

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