Animal Feed Industry Report Q3/2022

Animal Feed Industry Report Q3/2022

24 Pages

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Animal Feed Industry Report Q3/2022

Animal Feed Industry – Macroeconomic

Animal Feed Industry – Ingredient

The livestock industry in Vietnam is still relatively dependent on imported raw materials

In general, due to the influence of the world price of feed materials, the prices of feed ingredients in the first 9 months of 2022 increased compared to the same period in 2021.

Import of soybean meal decreased in both volume and value in the first 8 months of the year

Animal Feed Industry – Element

Vietnam’s feed supply mainly comes from FDI enterprises

Vietnam’s livestock industry in the first 6 months of the year was generally stable

Animal Feed Industry – Forecast

The output of poultry feed mills is unlikely to increase in the next quarter when livestock production is at a loss or is only at break-even level, so farmers have no incentive to re-herd.

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