Vietnam’s feed companies struggle with soybean meal supply

Amid a jump in global prices, the nation’s feed manufacturers are also being challenged by administrative inconsistencies related to imported soybean meal.

Soybean Meal
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One year ago, the government of Vietnam issued a decree reducing the import tariff on soybean meal from some countries of origin from 1% to 2%. Aimed to ease the prevailing market conditions for animal feed companies, the change was scheduled to come into effect only in mid-December.

According to Saigon News, the application of the lower tariff is not being applied consistently by customs authorities at entry points into Vietnam. It is reported that some administrations are using an incorrect Harmonized System (HS) code for imported soybean meal, which is used exclusively for the livestock feed raw material.  

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