The risk of falling corn prices because of increase in imports According to the Vietnam Feed Association, the prices of domestic corn are expected to decrease in the final months of 2013 due to a sharp rise in corn imports from foreign enterprises. In a statement by the Science Technology and Environment for Agriculture and Rural Development, there was a rise in both the value and volume of imported corn in July and August with an increase by 18.96% of the value and 12.56% of the volume compared to the same period the previous year. The largest suppliers of corn to Vietnam for this year are India, Argentina, Brazil, Campuchia and the USA. Out of these corn exporters, India accounted for the largest percentage at 78% of the total imported corn value, increasing by 20.91% of the value and 14.72% of the volume from 2012. Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China feed industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email michael@boddingtonconsulting Source: heo.vn/?x/=newsdetail&n=4488&/c/=48&/g/=1&/22/10/2013/nguy-co-rot-gia-ngo-do-luong-nhap-khau-tang-o-at--the-risk-of-falling-corn-prices-because-amount-import-increased.html
Posted on: Thu, 24 Oct 2013 03:10:24 +0000