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Vietnam's Ministry of Industry and Trade says domestic industrial chicken prices fell 30% year-on-year in October despite imports doubling. Vietnam imported 215,700 tonnes of chicken products in the first nine months, up 49%, mostly from the US, Brazil and South Korea.
Heavier import flows of cheap poultry weigh on domestic chicken prices and reduce local demand for feed ingredients, a bearish signal for Vietnamese poultry feed demand.
vietnamnews.vnNov 4, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
