News in Brief
Lallemand seeks to capitalize on expanded presence in Vietnam
Lallemand Vietnam will now distribute the company’s product range for ruminants, pork, poultry, and aquaculture throughout that Asian economy. The full portfolio includes feed additives for all species, silage inoculants, bioremediation products for aquaculture as well as animal environment products.
Paul-Antoine Croizé, business area director, Southeast Asia, noted that, with 95 million inhabitants, Vietnam is a dynamic animal production market, ranking in the top 10 markets worldwide for pork and aquaculture production, and strong in exports, especially for aquaculture.
The market, as such, offers great potential for Lallemand, he said.
“We have been present in the Vietnamese market for more than a decade, and the establishment of Lallemand Vietnam is a natural evolution for us.
“Today, we are a team of six in Vietnam, with extensive sales and technical expertise in the ruminant, shrimp, poultry and swine markets.”
Croizé anticipates significant growth in that Asian country over the coming months.
Vietnam's pork and poultry picture
African Swine Fever (ASF) outbreaks have reoccurred in many parts of Vietnam, leading to the death and culling of 43,150 pigs from January to August 8, 2020, according to a report released yesterday by the USDA FAS service.
The ASF outbreaks have had major impacts on Vietnam’s livestock industry, leading to a decline in pork production and an unprecedented pork price crisis. The government of Vietnam is promoting pork imports and supporting the rebuilding of swine herds in order to address the domestic hog/pork supply and price issues
While ASF has reduced pork availability in that market, Rabobank expects growth of 5.2% in the country’s poultry sector in 2020 on the back of massive investments and significant new capacity coming on stream.
Those developments, said the bank in its most recent poultry quarterly, will, evidently, serve to increase supply but will also raise prices.