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FY2022 agricultural exports reach record levels.
Post revises the total feed demand forecast down to 26.6 million tons in MY2021/22 as Vietnam continues to face issues with African Swine Fever, inflation, and high feed ingredient costs.
On July 13, 2022, the Government of Vietnam (GVN) issued Decree 46/2022 amending Decree 13/2020 Guiding the Law on Animal Husbandry, which repeals Article 18.3.c of Decree 13/2020. With this amendment, the GVN no longer requires a Certificate Free Sale (CFS) for imported feed ingredients, including traditional feeds such as corn, soybean meal, DDGS, and single feed ingredients like vitamins, amino acids, and minerals, as part of the registration process for import inspection.
The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
As Vietnam looks to rebound from the COVID-19 pandemic through economic recovery packages and loosening of restrictions, total animal feed demand is forecast to increase to meet animal production demands.