Vietnam spent more than US$1.96 billion importing cattle feed from foreign markets in the first half of the year, with shipments from Argentina rising 10.7% compared to last year’s corresponding period.
The import of cattle feed continued to increase in June as the value reached US$350 million. Major foreign markets providing animal feed and materials to Vietnam in June were Argentina, Brazil, the US, China and India.
During the six-month period, the country had to import cattle feed and material worth more than US$651 million from the Argentine market.
Notably, Vietnam also spent about US$67 million in importing these products from the US market, up 16.76% over the previous month, bringing the total import turnover for the first half of 2018 to more than US$321 million, an increase of 90.77% against the same period last year.
In addition, Vietnam spent US$287 million on cattle feed from Brazil, US$18 million on imports from Belgium and US$24 million on the Republic of Korea’s in the reviewed period, up 51.21% on last year’s corresponding period.VOV