1.73 billion USD spent on livestock feed and material imports

Vietnam splashed out 1.73 billion USD on livestock feed and material imports in the first two quarters of the year, a year-on-year increase of 7.8 percent, according to Ministry of Agriculture and Rural Development.

Most of the products were imported from Argentina (36.6 percent), the US (19.2 percent) and China (7.4 percent), the Hanoi Moi newspaper reported.

In the period, 329 million USD was spent on importing 1.28 million tonnes of wheat, rising 5.1 percent in value and 31 percent in quantity from the same period last year.

Australia and Brazil became Vietnam’s key wheat exporters with a market share of 53.8 percent and 28.5 percent, respectively.

The country also bought 948,000 tonnes of soybeans for 438 million USD, up 5.8 percent in quantity but down 17.1 percent in value against the first six months in 2014.-VNA