May 28, 2025 | 07:10 GMT +7
Hotline: 0913.378.918
May 28, 2025 | 07:10 GMT +7
Hotline: 0913.378.918
Vietnam spent over US$ 2 billion on corn imports in 9 months. Photo: TL.
According to the Industry and Trade Information Center, Ministry of Industry and Trade, Vietnam's corn imports in the first nine months of 2021 reached 7.68 million tonnes, with a total value of over US$ 2.17 billion. The average price was US$ 282.6 per tonne, up 40% over the same period in 2020. As a result, total import volume decreased by 9.4%, but total turnover increased by 27% over the same period in 2020.
In September 2021, corn imports reached 721,148 tonnes, worth US$ 222.2 million. The average price was US$ 308.1 per tonne, a sharp increase of 55.3% in volume, 55.9% in turnover, and 0.4% in price compared to August 2021. Compared to September 2020, corn imports decreased by 49.6% in volume, down 16.5% in turnover but increased sharply by 65.9% in price.
Corn is imported to Vietnam mainly from the three markets of Argentina, Brazil, and India. In which Argentina is the largest market. In the first nine months of 2021, corn imports from this market decreased by 33.4% in volume but increased by 0.3% in turnover and 50.6% in price. Total corn imports reached 4.01 million tonnes, equivalent to US$ 1.21 billion.
Corn imports from Argentina accounted for 52.3% of the total volume and 55.7% of the country's total corn imports.
Brazil ranks second. Corn imports from this market in the first nine months of 2021 reached 1.43 million tonnes, worth US$ 321.06 million, down 2.6% in volume but up 12.3% in turnover over the same period in 2020.
In addition, corn imports from the Indian market in 9 months increased dramatically by 55,567% in volume and 48.877% in turnover over the same period in 2020, reaching 1.09 million tonnes, worth US$ 306.73 million.
In recent days, world corn prices have increased by 1%. The reason is the forecast of heavy rain in the US's Midwest region last weekend and early this week, affecting corn harvest progress.
The domestic corn price currently is significantly lower than the imported corn price. Corn is in the harvest season, and corn trading will be active from the end of October and the beginning of November.
Translated by Ha Phuc
(VAN) Despite meeting quality standards, Vietnamese rice bran exporters still face difficulties with administrative procedures under the new protocol.
(VAN) The U.S. is tightening import tariffs and origin inspections, requiring Vietnamese businesses to proactively prepare in terms of legal compliance, supply chains, and appropriate export strategies.
(VAN) Russia more than doubled halal poultry exports in 2024, aiming to further boost sales by the end of the decade.
(VAN) Amidst the current intense competition, businesses must establish sustainable linkages, prioritize technological investments, build brand identity, and obtain international certifications.
(VAN) As director of the Thuy Tuyet Bamboo and Rattan Handicraft Cooperative in Soc Trang, she has revitalized a traditional craft, generating sustainable livelihoods for hundreds of workers - particularly from the Khmer ethnic minority.
(VAN) Vietnam has been classified as a ‘low-risk’ country for deforestation under EUDR, granting local producers a strategic edge in sustainable market development.
/2025/05/19/2617-14-211139_18.jpg)
(VAN) Vietnamese bird's nest enterprises are eager to access the promising Chinese market; however, only those with thorough preparation, truthfulness, strict regulatory compliance, and consistent product quality will be positioned for success.
