Vietnam corn demand indicates market recovery
Corn demand in Vietnam has rebounded, supporting the market as the industry anticipates a rebound in feed and meat demand. USDA’s forecasts for corn demand in Asia show promising growth in most countries, with the most significant potential in China and Vietnam.
Vietnam accelerated the pace of corn imports in the second half of 2023 amid lower corn prices. Market participants remain confident that imports in 2024 could exceed 10 million tons, according to the S&P Global report.
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