Vietnam's animal feed imports jump to US$3.1bil

Vietnam had to spend nearly US$2.7 billion to import corn and soybeans in the first seven months. — baodantoc.vn

HANOI (Vietnam News/Asia News Network): Vietnam's imports of raw materials for processing animal feed in the first seven months of this year surged to US$3.1 billion as domestic supply only met about one-third of local demand.

The Department of Livestock Production of the Ministry of Agriculture and Rural Development said that according to the General Department of Customs, the animal feed industry had to spend nearly US$2.7 billion to import corn and soybeans in the first seven months.