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
deepspacedave | BigStock.com

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.

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