Vietnam’s increased meat consumption has made the South East Asian nation a "feed importing powerhouse", according to the US Department of Agriculture.
And with much of the imports coming from markets as far afield as Brazil, India and the US, the dry bulk sector has become a key beneficiary of this trend, according to shipbroker Simpson Spence Young (SSY).
Vietnam’s meat production is forecast to reach a record 4m tonnes this year, which has acted as a key driver in demand for animal feed.
