Vietnam's animal feed exports in 2024
Exports of animal feed and raw materials will reach nearly 1.04 billion USD in 2024, down 13.2% compared to 2023.
Exports of animal feed and raw materials will reach nearly 1.04 billion USD in 2024, down 13.2% compared to 2023.
Good performance is due to the favorable weather during the growth of the first harvests.
Feed manufacturers are concerned about the provisional anti-dumping duty on lysine imports from China.
Compared to the December report, there was a significant cut in U.S. corn production and ending stocks, while a larger harvest and lower imports were estimated for China. A decrease in the global soybean harvest and ending stocks was projected, derived from a lower forecast for U.S. production.
Brazil, the world's largest exporter of soybeans, experienced a reduction in the volume exported in 2024, compared to records in 2023.
These new regulations authorize the import, export, storage, and processing of animal feed products in a more streamlined way while reducing excessive regulatory costs.
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This marks a major shift for the regulation of animal food, providing animal food innovators an alternative pathway to the recently ended process.
Compared to November's report, U.S. corn exports are forecasted higher, lowering grain stocks, while global soy output rises, led by Argentina's growth.
The European Parliament suggests giving companies an extra year to comply with the EU deforestation law, enabling gradual implementation.
Compared to the October report, cuts were made to U.S. and EU corn harvests, and global soybean projections were lowered.
Soybeans, winter corn, and wheat should continue to drive grain production growth.
Pig feed remains the most significant type of feed, with 8.1 million tons.
The European Commission proposes an additional 12 months for companies and countries to adapt to the new regulations, ensuring an effective transition.
The 2023-2024 season for straw cereals, rapeseed, and protein crops in France was marked by complex weather conditions. Heavy rainfall influenced crop quality.
Oilseed production in the EU-27 for the 2023 harvest and forecast for 2024.
The following is a summary of the data on the EU-27 cereal crop for 2023/24 and forecasts for 2024/25 made by Copa-Cogeca.
Forecasts for global production and ending stocks are revised upward due to better prospects for the U.S. crop. Soybean estimates remained practically unchanged compared to the June report.
In 2023, each inhabitant in France consumed approximately 30.6 of pork.
The first updated estimates for world corn and soybean crops are virtually unchanged from the previous report.
Animal husbandry in Hai Duong province is rapidly producing and developing markets to continue growth.
FAO’s first forecast for the 2024/25 season points to an overall comfortable global cereal supply and demand situation.
This is the first sector regulated by agricultural defense to update its health legislation to make it compatible with the Self-Control Law.
An increase in diversification of production in the EU requires available agricultural land suitable for the needed crops.