Illustrative image (Source: VNA)

 Hanoi (VNA) – The total agro-forestry-fishery export turnover in the first five months of this year is estimated to reach 12.18 billion USD, a year-on-year increase of 4.9 percent, according to the Ministry of Agriculture and Rural Development.

In the reviewed period, rice export is calculated to hit over one billion USD with 2.35 million tonnes, up 1.2 percent in value but down 2.1 percent in volume compared with the same period in 2015.

Nguyen Chi Kien from the Institute of Policy and Strategy for Agriculture and Rural Development said despite pressure from Thailand’s announcement on selling 11.4 million tonnes of stockpiled rice, the domestic rice price has started to rise recently.

The export of coffee in the first five months has seen a surge with 797,000 tonnes, an increase of nearly 34 percent year-on-year, which generated a revenue of 1.36 billion USD (up 10.7 percent).

Meanwhile, cashew nut exports are estimated at 119,000 tonnes, fetching over 910 million USD, an expansion of 2 percent in volume and 9.8 percent in value compared with the same period in 2015. Meanwhile, the country has shipped 391,000 tonnes of rubber, earning 561 million USD in revenue, up 20.5 percent and 19.7 percent, respectively.

Pepper exports are expected to achieve 87,000 tonnes and 627 million USD, a 19 percent increase in volume but down 7.3 percent in value against the same period last year.

Alongside this, the seafood export turnover is estimated at 2.43 billion USD, up 1.1 percent year-on-year, while exports of key forestry products are forecast to bring home 2.69 billion USD, representing a year-on-year decrease of 1.8 percent.-VNA