In the past two weeks, prices of key raw materials for animal feed production, such as corn, soybeans, and wheat, have recovered impressively from their lowest levels in many years.

Commenting on the situation, Mr. Trần Ngọc Quang, Deputy Director of SFVN, stated that information regarding U.S. crops will no longer play a crucial role in determining price trends, as the U.S. crop situation has become relatively clear. Instead, the market's focus will shift to the supply outlook in South American countries. For example, drought conditions in Brazil could affect the country's corn and soybean planting activities, which could, in turn, drive short-term price increases for agricultural commodities.

Source: VTV1