Vietnam Feed Market Report (July 23, 2026): Imported Corn and Soybean Meal Surge Across Key Ports

1. MARKET OVERVIEW & EXCHANGE RATE IMPACT

• Global Context: The domestic feed raw material market in Vietnam experienced active trading on July 23, 2026. Bullish pressure from global benchmarks (driven by U.S. weather stress and Black Sea shipping disruptions) pushed asking prices for imported corn and soybean meal to higher levels.
• Foreign Exchange (Vietcombank): Vietcombank listed the USD selling rate at 26,500 VND/USD (eased slightly by -20 VND). The Chinese Yuan (CNY) dropped by -7 VND to 3,947 VND/CNY. Despite lower exchange rates, high import CFR costs forced traders to raise domestic asking prices.

2. IMPORTED & DOMESTIC CORN MARKET

• Cai Lan Port: South American and South African corn spot and July–December 2026 delivery positions advanced broadly by +100 VND/kg, ranging from 7,150 to 7,600 VND/kg. Far-deferred positions (January–March 2027) reached 7,650 VND/kg.
• Vung Tau Port: Mirrored northern gains (+100 VND/kg), with asking prices ranging between 7,150 and 7,550 VND/kg for July–December 2026 terms; early 2027 contracts touched 7,600 VND/kg.
• Domestic Corn (Son La): Bulk dried Son La corn delivered to northern port warehouses held steady at 6,950 VND/kg, retaining its price advantage for local feed mills.

3. SOYBEAN MEAL & SOYBEAN BYPRODUCTS

• Vung Tau Port: South American soybean meal logged a sharp rally. Nearby delivery terms (July–August 2026) surged by +200 VND/kg to 11,300 – 11,350 VND/kg. Early 2027 contracts edged up +100 VND/kg to 11,700 – 11,800 VND/kg.
• Cai Lan Port: August 2026 positions advanced +200 VND/kg to 11,400 VND/kg. February–March 2027 contracts hit new peaks at 11,800 – 11,900 VND/kg (+100 VND/kg).
• Soybean Byproducts: Soybean hull prices in Hai Phong remained flat at 5,350 VND/kg.

4. MEKONG DELTA RICE & BYPRODUCTS MARKET

• Paddy & Rice Bran: Slow harvesting progress in the Summer-Autumn crop supported IR 504 brown rice prices, surging +200 VND/kg to 9,500 VND/kg. Dry rice bran held firm at 8,000 – 8,100 VND/kg.
• Broken Rice: Grade 1 broken rice stayed firm at 8,150 VND/kg. However, prices in Sa Dec (-20 VND/kg) and Cai Be (-30 VND/kg) adjusted slightly downward to 8,100 VND/kg due to localized harvesting supply.
• Feed Wheat & Others: Vietnamese wheat bran powder delivered to Vung Tau (August 2026) edged up +50 VND/kg to 6,350 VND/kg. Corn Gluten Feed held steady at 5,300 VND/kg.

5. KEY MARKET HIGHLIGHTS

1. Imported Corn Advances: Asking prices at Cai Lan and Vung Tau ports rose by +100 VND/kg across the board tracking global gains.
2. Soybean Meal Peak: Short-term supply tightness pushed deferred positions in Cai Lan to touch 11,900 VND/kg.
3. Rice Byproducts Firm: IR 504 brown rice surged while dry rice bran remained well-supported at high levels.

Exchange Rate Eases: USD/VND rate edged lower by -20 VND to settle at 26,500 VND/USD.