The ministry stated that current preferential import tax rates on raw materials for animal feed are low enough to promote domestic industry growth and decrease reliance on imported materials.
In response to the proposal, Deputy Prime Minister Le Minh Khai instructed the Ministry of Finance to work with relevant ministries and branches to study and consider the association''s recommendations and submit them for consideration and decision following the law.
Pig farmers in southern of Viet Nam are potentially facing huge losses before Tet (Lunar New Year) as pork prices have plummeted by 15- 20 per cent in the last two months.
Viet Nam''s imports of raw materials for processing animal feed in the first seven months of this year surged to US$3.1 billion as domestic supply only met about one-third of local demand.
Japfa Comfeed Vietnam Ltd., (Japfa Vietnam), a leading animal feed producer in the market, is running a system of six modern plants across the country.
Viet Nam is the largest corn importer in Southeast Asia and is forecast to be the fifth-largest importer in the world, opening the door for foreign animal feed suppliers to expand their trade in the country.
The Viet Nam Poultry Breeders Association has said the Government should have a strategy to develop feed ingredients domestically to reduce their imports.
The price of livestock fodder has risen by 15-30 per cent in the last five months because of higher prices of inputs, and many farmers are facing big losses as a result.
Thanks to such a significant growth seen in December, the country’s animal feed export turnover in 2020 reached over $800 million, up 17 per cent compared to 2019 with China, Cambodia and the US being the three largest consumption markets,...
Japfa Comfeed Vietnam, a leading feed and poultry producer in Viet Nam, recently put its 6th high-tech feed mill into operation in South Central Binh Dinh Province. Arif Widjaja, General Director of Japfa Comfeed Vietnam speaks with Viet Nam News...