World Grain - April 2022 - 21

beans for food consumption are also forecast to increase due
to expected recovery from COVID-19. "
However, the attaché forecast that production would fall to
55,300 tonnes in 2020-21, and then to 47,500 tonnes in 202122.
" Low
average yield of 1.58 tonnes per hectare and fragmented
production makes local soybean production uncompetitive
with the lower price of imported soybeans for the feed
and food processing industry, " the attaché said. " The decline
in soybean planted area in 2019-20 is a part of an overall trend
of Vietnamese farmers switching to more profitable crops
such as various fruits and vegetables that are grown for both
export and domestic consumption.
" Vietnam has two industrial soybean crushing facilities.
The demand for soybean crush is driven both by the need for
meal for animal feed and a continued steady annual soy oil
growth rate. "
The report also forecast growth in soybeans for food use in
2020-21 and 2021-22.
" This is due to the expected reopening of restaurants,
schools, and industrial canteens, " the attaché said. " US soybeans
have a strong advantage in food-use categories compared
to other sources, as US soybeans are preferred for their
flavor and color. "
Vietnam has several large soy milk producers, including Vinasoy,
VinaMilk, and NutiFood, the report said.
" According to one soy milk industry source, the industry
continues to plan for a packed soy milk production growth
rate of 4% to 5% in 2021 and 2022, due to the expected recovery
from COVID-19, " the report said.
Biotech benefits
In a report on the use of agricultural biotechnology in Vietnam,
dated Oct 18, 2021, the USDA attaché said the country
" continues to benefit from biotech corn as a sustainable tool
in the fight against fall army worm (FAW) and increased the
production area to more than 100,000 hectares in 2020-21. "
" Growing domestic production also helps meet demand
for local feed materials, " the report said. " Vietnam remains
a major importer of biotech crops and products, including
soybeans, corn, distiller's dried grains with solubles (DDGS),
soybean meal, and cotton. "
Chris Lyddon is World Grain's European correspondent.
He may be contacted at: cajlyddon@gmail.com
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to worldgrain@sosland.com. For reprints of WG articles,
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