Vietnam’s decision to reduce their Most Favored Nation (MFN) tariff rate is good news for US corn, wheat, and pork producers.

US Grains Council President Ryan LeGrand tells Brownfield beginning December 30th the tariff on corn imports to Vietnam will decrease from 5% to 2%.

“Vietnam is the largest corn importer in all of southeast Asia, I think they import around 10 million metric tons, and we typically get less than 1 million tons of that, so a really small market share.”

He says the tariff reduction should allow the US to fulfill more of that demand.

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