US$1.73 billion spent on livestock feed and material imports
Vietnam splashed out US$1.73 billion on livestock feed and material imports in the first two quarters of the year, a year-on-year increase of 7.8%, according to Ministry of Agriculture and Rural Development (MARD).
Most of the products were imported from Argentina (36.6%), the US (19.2%) and China (7.4%), the Hanoi Moi newspaper reported.
In the period, US$329 million was spent on importing 1.28 million tonnes of wheat, rising 5.1% in value and 31% in quantity from the same period last year.
Australia and Brazil became Vietnam’s key wheat exporters with a market share of 53.8% and 28.5%, respectively.
The country also bought 948,000 tonnes of soybeans for US$438 million, up 5.8% in quantity but down 17.1% in value against the first six months in 2014.
In the period, US$329 million was spent on importing 1.28 million tonnes of wheat, rising 5.1% in value and 31% in quantity from the same period last year.
Australia and Brazil became Vietnam’s key wheat exporters with a market share of 53.8% and 28.5%, respectively.
The country also bought 948,000 tonnes of soybeans for US$438 million, up 5.8% in quantity but down 17.1% in value against the first six months in 2014.