According to statistics from the General Department of Customs, corn imports of all kinds in the first 3 months of 2024 reached over 2.78 million tons, worth nearly 702.74 million USD, with an average price of 252.7 USD/ton, up 27.1% in volume, but down 4.8% in turnover and down 25.1% in price compared to the first 3 months of 2023.
Of which, in March 2024 alone, it reached 871,741 tons, equivalent to 215.88 million USD, with an average price of 247.7 USD/ton, down 6.5% in volume and 9.1% in value compared to February 2024, and the price also decreased by 2.8%; compared to March 2023, it increased by 13.6% in volume, but decreased by 17.2% in value and decreased by 27.1% in price.
 |
| Brazil is the largest market supplying corn to Vietnam in the first 3 months of 2024, accounting for 53.4% of total volume and 54.3% of total corn import turnover. |
Brazil is the largest market supplying corn to Vietnam in the first 3 months of 2024, accounting for 53.4% of the total volume and 54.3% of the total corn import turnover of the country, reaching 1.49 million tons, equivalent to nearly 381.27 million USD, priced at 256.6 USD/ton, a sharp increase of 22.5% in volume, but a decrease of 5.8% in turnover and a decrease of 23% in price compared to the first 3 months of 2023.
The second largest market is Argentina, in the first 3 months of 2024 reaching 728,759 tons, equivalent to 178.79 million USD, price 245.3 USD/ton, accounting for over 26.2% of the total volume and 25.4% of the total corn import turnover of the whole country, up 79.5% in volume, up 31.6% in turnover but price decreased 26.7% compared to the first 3 months of 2023.
Next, the Lao market in the first 3 months of 2024 reached 66,033 tons, equivalent to 16.55 million USD, price 250.6 USD/ton, accounting for 2.4% of the total volume and total import turnover of corn of the whole country, up 11% in volume, but down 20.3% in turnover and price down 28.3% compared to the same period last year.
Corn is an important commodity in the livestock and poultry industry. Corn usually accounts for about 25-40% of the livestock and poultry diet, depending on the stage of development and physiological state of the animal. This commodity is also closely linked to livestock farming, with countries that produce more corn, the livestock farming develops more.
According to Statista, Vietnam is among the 30 largest corn growing countries in the world but is also among the top corn importing countries in the world, behind China, Europe, Mexico, Japan, South Korea and Egypt.
Source
Comment (0)