Business

Agro-forestry-fishery export picks up 9.1 percent in 11 months

The total export value of agro-forestry-fishery products from January-November expanded 9.1 percent year-on-year to reach 36.3 billion USD.
Agro-forestry-fishery export picks up 9.1 percent in 11 months ảnh 1Rice products are loaded on board before being shipped abroad. (Photo: VNA)

Hanoi (VNA) – The total export value of agro-forestry-fisheryproducts from January-November expanded 9.1 percent year-on-year to reach 36.3billion USD.

According to the Agro Processing and Market Development Authority (AgroTrade)under the Ministry of Agriculture and Rural Development, Vietnam was estimatedto earn 18.1 billion USD from its main farming products (up 3.1 percent), 8.1billion USD from seafood (up 6.8 percent), 0.51 billion USD from husbandry (up13 percent), and 8.6 billion USD from main forestry products (up 18 percent).

In the period, some 5.7 million tonnes of rice were shipped abroad, bringing in2.9 billion USD, increasing 5.6 percent in volume and 17.7 percent in valuecompared to the same period in 2017.

Although rice exports to China fell sharply (30 percent), the neighbouringcountry remained the largest rice importer of Vietnam as it mounted to 24.1percent of the market share.

Rice exports are likely to hit 6.15 million tonnes for the whole year, stockedup by rising purchase demands in some countries. Recently, Vietnam clinched adeal to ship 118,000 tonnes of 25 percent broken rice to the Philippines in itstender for imports of 500,000 tonnes of rice to refill its exhausted reserves.

Regarding coffee, the country raked in 3.3 billion USD from selling 1.73million tonnes of the beans abroad, up 23.4 percent in volume and 3.2 percentin value year-on-year.

Coffee price in November fluctuatedin line with the global trend. The price is forecast to experience brieflulling period as Brazil’s bumper conilon robusta coffee crop is able to supply4-5 million sacks for exports.

Pepper price continued to fall during the period, making export turnover slide32.5 percent year-on-year to 718 million USD despite an increase in exportvolume. The same trend was seen in shipments of rubber and cashew.

Meanwhile,fruit and vegetable exports posted 3.5 billion USD, up 11.6 percent year-on-year.

The AgroTrade also said that Vietnam splashed out 28.8 billion USD importingagro-forestry-fishery products in the period, soaring 13.6 percent from thesame period in 2017. –VNA 
VNA
#agro-forestry-fishery exports #agro-forestry-fishery export in 11 months 2018 #Agro Processing and Market Development Authority #AgroTrade #rice exports #fruit and vegetable exports #Vietnam news agency #vietnamplus
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