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Vietnam’s animal feed market weekly from 16 - 22/11/2009: The U.S. is likely to remove anti-dumping duty imposing shrimp export of Vietnam in early of 2010
27 | 11 | 2009
The U.S. is likely to remove anti-dumping duty imposing shrimp export of Vietnam in early of 2010, as lawyer Kenneth J. Pierce represented for Vietnam enterprises exporting shrimp has succeeded in demonstrating that Vietnam enterprises do not cause any bad effect for the U.S. shrimp industry.

The U.S. is likely to remove anti-dumping duty imposing shrimp export of Vietnam in early of 2010, as lawyer Kenneth J. Pierce represented for Vietnam enterprises exporting shrimp has succeeded in demonstrating that Vietnam enterprises do not cause any bad effect for the U.S. shrimp industry. If this duty is removed, Vietnam will have more opportunities to join the U.S. market. It is not only optimistic news for fishery industry but also domestic animal feed, which is facing many difficulties.

Now, prawns price in some provinces in Mekong Delta is hiking. Specifically, price of prawn in any size increases from VND 2,000 – 5,000 per kilogram. Specially, input prawns (type 25-30 prawn per kilogram) raised from VND 100,000 – 105,000 per kilogram – the highest level from 2005. Domestic shrimp is forecast to hike continuously in the coming time, especially when factories push up to purchase in order to support export demand in the coming months. Price hike of shrimp can affect the decision of price rise of animal feed enterprises in the coming time (1) due to pressure from an increase of material expenses every day.
Foreign exchange market after decreasing its heat in several days due to a decision, which allows importing gold from Agribank, has began to raised again since this mid-week. Now, price of the U.S. dollar in the market reset up the level VND 19,400 and is forecast to increase in the next coming days due to a slight rise of price of the U.S. dollar in world market. Hot foreign exchange increase may be the second reason, causing effect for animal feed enterprises in near future (2).

Main movements and trends:

- CBOT corn closed at a higher level than last week – corn in spot market accelerated
- Snowstorms affect Chinese corn.
- CBOT wheat reached the peak within the last six months
- Indian and Japan intends to further import wheat from Australia
- Soybean meal import accelerated again
- Shrimp export market experienced positive news – price of domestic shrimp material makes a new record.
- Animal feed price is forecast to be readjusted increasingly in the coming time

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