| The whole country imported nearly 1.37 million tons of soybeans in 8 months. Soybean prices maintained a strong increase for the third consecutive session. |
According to preliminary statistics of the General Department of Customs, soybean imports in September 2023 reached 97,006 tons, equivalent to 58.24 million USD, with an average price of 600.4 USD/ton, down 41.6% in volume and 39.7% in value compared to August 2023, but prices increased by 3.2%; compared to September 2022, they also decreased by 14.9% in volume and 27.3% in value and prices decreased by 14.5%.
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| In the first 9 months of 2023, the whole country imported over 1.47 million tons of soybeans, worth over 934.98 million USD. |
In the first 9 months of 2023, the country imported over 1.47 million tons of soybeans, worth over 934.98 million USD, with an average price of 635.4 USD/ton, up 5.3% in volume, but down 4.1% in turnover and down 8.9% in price compared to the first 9 months of 2022.
Soybeans imported to Vietnam from the Brazilian market were the largest, in September 2023, down sharply by 53.3% in volume and 52.8% in value compared to August 2023, the price increased slightly by 1%, reaching 66,828 tons, equivalent to 38.24 million USD, priced at 572.2 USD/ton.
In general, in the first 9 months of 2023, soybean imports from this market reached 802,311 tons, equivalent to 477.49 million USD, accounting for 54.5% of the total volume and 51.1% of the total soybean import turnover of the country, down 7.7% in volume, down 21.7% in turnover, and down 15.2% in price compared to the same period last year.
Soybean imports from the US market - the second largest market in the first 9 months of 2023 reached 521,360 tons, equivalent to 355.8 million USD, priced at 682.4 USD/ton, accounting for 35.4% of the total volume and 38% of the total soybean import turnover of the country, up 17.4% in volume, up 17.7% in turnover and up 0.3% in price over the same period last year.
In addition, soybean imports from the Canadian market in the first 9 months of 2023 reached 80,666 tons, equivalent to over 60 million USD, priced at 743.8 USD/ton, up 6% in volume, up 7% in value and up 0.9% in price over the same period last year.
Imports from the Cambodian market reached 453 tons, equivalent to 351,050 USD, priced at 774.9 USD/ton, down nearly 93% in both volume and value but up 2.8% in price.
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