The report shows that animal feed demand is forecast to jump from 23.8 million tonnes in 2017-18 to 24.1 million tonnes in 2018-19.
Aquafeed demand is forecast to increase from 6.2 million in 2017-18 to 6.8 million in 2018-19, and the country’s feed consumption overall will rise from 30 million tonnes to 30.9 million.
In terms of feed ingredients, DDGS consumption is projected to make the biggest jump, going from an estimated 689,000 tonnes in 2017-18 to 1 million tonnes in 2018-19.
“The U.S. continues to be the dominant supplier of DDGS to the Vietnam market,” USDA said. “After the import suspension of U.S. DDGS was lifted in September 2017, imports have strongly rebounded due to the high demand from the domestic feed industry.”
Corn demand is forecast to rise from 8.7 million tonnes in 2017-18 to 10.2 million tonnes the following year.