According to preliminary statistics from the General Department of Customs, in May 2024, the country imported 533,673 tons of wheat, equivalent to 141.12 million USD, with an average price of 264.4 USD/ton, down 34% in volume, down 36% in turnover compared to April 2024 and down 3.3% in price. Compared to May 2023, it increased sharply by 40.9% in volume, but down 4.8% in turnover and down 32.4% in price.

In the first 5 months of 2024, the country's imported wheat volume reached over 2.83 million tons, equivalent to over 779.53 million USD, an increase of 39.3% in volume and 3.6% in value compared to the first 5 months of 2023, with an average price of 275.3 USD/ton, down 25.6%.

Wheat imports from Brazil market increased sharply by 332%

In May 2024, wheat imports from the main market Brazil decreased by 42.8% in volume and 42.5% in value compared to April 2024, but the price increased by 0.5%, reaching 183,373 tons, equivalent to 45.19 million USD, at 246.4 USD/ton; while in May 2023, there were no imports from this market.

In the first 5 months of 2024, wheat imports from the Brazilian market accounted for 39.9% of the total volume and 36.2% of the total wheat import turnover of the whole country, reaching over 1.13 million tons, equivalent to 282.27 million USD, with an average price of 249.8 USD/ton, an increase of 332% in volume, an increase of 194.6% in turnover but a decrease of 31.8% in price compared to the first 5 months of 2023.

Behind the main market Brazil is the Australian market, accounting for 18.7% of the total volume and 21.4% of the total turnover, reaching 529,214 tons, equivalent to 166.64 million USD, with an average price of 314.9 USD/ton, down 62% in volume, down 67% in turnover and down 13% in price compared to the first 5 months of 2023.

Next is the Ukrainian market with 436,451 tons, equivalent to 112.43 million USD, price 257.6 USD/ton, accounting for 15.4% of the total volume and 14.4% of the total wheat import turnover of the country.

Wheat imports from the US market reached 222,982 tons, equivalent to 73.69 million USD, priced at 330.5 USD/ton, up 52% ​​in volume, up 21% in value but down 20.4% in price compared to the first 5 months of 2023.