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Vietnam spends nearly 1.7 billion USD on corn import every year

Vietnam has so far this year imported 4.13 million tonnes of corn worth 825 million USD, according to the Ministry of Agriculture and Rural Development.
Vietnam spends nearly 1.7 billion USD on corn import every year ảnh 1A corn field in the Central Highlands province of Kon Tum (Photo: VNA)

Hanoi (VNA) – Vietnam has so far this year imported 4.13 million tonnes ofcorn worth 825 million USD, according to the Ministry of Agriculture and RuralDevelopment.  

Thefigures represented increases of 9 percent in volume and 11 percent in valuecompared to the same period last year.

Vietnamspends up to 1.7 billion USD a year on average to buy corn from Argentina,Brazil and Thailand.

Cornimport is on the rise due to the country’s limited plantation, which coversjust over 1 million hectares, and difficult cultivation conditions that haveled to low productivity, at 4.6 tonnes per hectare on average. Increasingdemand for animal feed also contributes to the cause.

Theagricultural body plans to shift between 700,000 and 800,000 hectares oflow-productivity rice paddies to the cultivation of other plants, with cornmaking up the lion’s share.-VNA
VNA
#Vietnam imports corn#Vietnam corn plantation#Vietnam develops corn cultivation
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