Top Pork Eater Gobbles More Imported Feed for Expanding Pig Herd
- Vietnam to top China per-capita consumption as incomes improve
- Farmers unable to grow enough crops fuel record feed imports
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The people of Vietnam are eating so much more pork these days that the country has become one of the world’s biggest importers of the soybean meal it needs to feed an ever-expanding herd of pigs.
New feed mills are being built by foreign companies including commodity giant Cargill Inc. and domestic conglomerates such as steelmaker Hoa Phat Group JSC, all hoping to profit as meat becomes a bigger part of daily diets. Per-capita consumption of pork has more than doubled since 2000 and will be the most of any country in the next seven years, the Organization for Economic Cooperation and Development estimates.