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| Photo for illustration. (Source: VOV) |
Statistics indicate that during the January to September period, businesses spent 1.98 billion USD buying 8.08 million tonnes of corn from overseas, down 2.3% in value but up 24.3% in volume year on year.
The average price of imported corn stood at 245.4 USD per tonne, a decline of 21.4% compared to the same period last year.
September alone witnessed the country import 1.15 million tonnes of corn worth US$268.43 million, with an average price of 232.9 USD per tonne. These figures all mark decreases of 3.1% in volume, 5.6% in value, and 2.6% in price against August, respectively.
Over the past nine months, Argentina was the largest supplier of corn to the Vietnamese market, selling 4.61 million tonnes valued at 1.11 billion USD with a price of 240.9 USD per tonne, up 89.4% in volume and 48.3% in value, but down 21.7% in price against the same period last year.
Second position went to Brazil which shipped 2.35 million tonnes of corn to Vietnam in the nine-month period, equal to 584.73 million USD, with a price of 248.7 USD per tonne.
This was followed by Laos with 74,664 tonnes worth 18.66 million USD and Thailand with 3,500 tonnes costing 6.89 million USD.
Meanwhile, the amount of corn imported from India decreased sharply by 99.7% in volume and 98% in turnover compared to the same period last year, reaching only 2,574 tonnes of corn worth 6.8 million USD.
The majority of imported corn into the Vietnamese market is used every year to produce animal feed. The rest is directly used for food, food processing, and producing bio-energy./.