1、 THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.GOVERNMENT POLICY Required Report:Required-Public Distribution Date:October 03,2024 Report Number:VM2024-0029 Report Name:Oilseeds and Products Update Country:Vietnam Pos
2、t:Hanoi Report Category:Oilseeds and Products Prepared By:Nguyen Linh Approved By:Ralph Bean Report Highlights:Post maintains Vietnams soybean meal consumption forecast for the marketing year(MY)2023/24 at 5.85 million tons,aligned with feed consumption.It expects consumption to rise to 6.1 million
3、tons in 2024/25 due to increased demand for animal and aquafeed.Post also forecasts higher soybean imports for both crush and food use in 2023/24 and 2024/25.However,soybean meal imports are projected to decrease to 4.9 million tons in 2024/25 due to increased domestic crushing.Executive Summary Vie
4、tnams economy is recovering,showing positive signs for 2024.The International Monetary Fund,Asian Development Bank,and World Bank have upgraded their growth projections to 6 percent for 2024 and 6.5 percent for 2025.Demand from major export markets,including the United States and EU countries,is inc
5、reasing due to rising purchase orders.Farm-gate prices for hogs,catfish,and shrimp are favorable compared to production costs,encouraging farmers to repopulate their herds.However,African Swine Fever(ASF)still poses a threat to the swine industry.Additionally,Typhoon Yagi struck northern Vietnam in
6、September,damaging livestock and crops,and affecting human lives.According to the Ministry of Agriculture and Rural Developments(MARD)August monthly report,Vietnams swine and poultry populations increased by 2.2 and 3.4 percent,respectively,while the cattle population declined.According to the Vietn