HANOI, VIETNAM — With the continuing threat from African swine fever and high compound feed prices, Vietnam’s total feed demand for 2021-22 and 2022-23 is now estimated lower, according to a report from the Foreign Agricultural Service of the US Department of Agriculture (USDA).
Feed demand for 2021-22 is estimated at 26.6 million tonnes and 27.5 million tonnes for 2022-23.
ASF outbreaks continued in 47 provinces in the first half of 2022 leading to the culling of 37,000 pigs. Avian Influenza outbreaks occurred in 13 provinces leading to the death, and culling of 59,000 birds, a major drop compared to the same period of 2021.
In Vietnam, protein meals used for feed production are very price sensitive. Feed millers will use alternate protein sources in their feed ration formulations based on price, the USDA said. Soybean meal is the major protein source in all aqua and animal feed formulations, ranging from a 15% to 32% share of the total ingredients.
Soybean import estimates were lowered to 1.95 million tonnes in 2021-22 and 2.05 million tonnes in 2022-23, due to lower soybean meal demand for feed use.
Total soybean crush was lowered to 1.35 million tonnes in 2022-23 in line with lower feed demand. Soybean meal for feed use is forecast down to 6.1 million tonnes in 2022-23, following the lower crush volume and lower feed demand.
