Tariff increase to push Vietnam’s feed prices up

Import fees set to increase in early 2010

Vietnam’s feed prices are expected to rise in the wake of an announcement by the Vietnamese government that import tariffs on raw materials will increase in early 2010, according to the newspaper Vietnam Investment Review.

Under the new policy, the import tariff on corn and fish powder will increase to 5%, while import taxes on fish oil and wheat flour will increase to 7% and 15%, respectively, the newspaper reported.

Currently, Vietnam’s feed raw materials – such as corn and fish powder – are drawn heavily from imports, the Vietnam Feed Association said in the report.

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