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Export of agriculture, forestry and aquaculture products increases

Update: September, 26/2012 - 11:58

HA NOI – Export turnover of agriculture, forestry and aquaculture products reached US$20.4 billion in the first nine months of this year, an increase of 10.2 per cent compared with the same period last year, said the Ministry of Agriculture and Rural Development yesterday.

It's reported that exports of agricultural articles such as rice, coffee, cashew and cassava continue to be stable with an estimated turnover of $11.1 billion, 6.2 per cent higher than the same time last year.

The ministry said that the rice export market saw many changes this year. China has become Viet Nam's biggest rice importer while other countries such as the Philippines, Indonesia and Malaysia reduced their volume.

In the first nine months of this year, Viet Nam exported 6.2 million tonnes of rice worth $2.78 billion, an increase of 4.5 per cent. The average price of rice reached $452 per tonne, a reduction of 9.2 per cent.

As for coffee, Viet Nam exported 1.36 million tonnes worth $2.85 billion, 36.8 per cent higher than that of the same period last year. Germany and the US are still the leading importers of Vietnamese coffee while Indonesia is an emerging market with its import of coffee nine times higher than last year. It's forecast that the export volume will reduce due to a lack of supply and increase again when the harvest starts at the end of this year.

The export of wood and wood products to countries including the US, China and Japan will likely increase in the next few months due to the increasing demand in the world market.

The US remains the biggest importer of Vietnamese seafood with a 19 per cent share in the market, followed by Japan with 15.1 per cent and South Korea with 7 per cent. – VNS

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