Vietnam largest importer of soybean meal from Argentina
(VOV) - Vietnam was Argentina’s largest consumer of soybean meal in the first quarter of this year, importing 554,000 tonnes for US$289 million.
The website valorsoja.com reported Vietnam accounted for 12.5% of the total soybean meal market share of this South American nation.
Other Southeast Asian countries importing soybean meal from Argentina by market share included Indonesia (8.8%), Malaysia (4%) and Thailand (3.3%).
Argentina ranks first in the world in exporting soybean meal – a solid residue bi-product as feed for animal. Last year, it exported 15.034 million tonnes worldwide, including 1.747 tonnes to Vietnam, ranking it second among soybean meal importers, just after Indonesia with 2.44 million tonnes.
Soybeans and bi-products were also major Argentinean export items to Vietnam in 2013.