The Mekong Delta city of Can Tho exported nearly 392 million USD worth of commodities in the first five months of 2014, down 14 percent from a year earlier, according to Director of the municipal Department of Industry and Trade, Nguyen Minh Toai.
Of that sum, earnings from the shipment of rice and processed aquatic products accounted for nearly 70 percent.
Toai said decreases were seen in both export volume and value of rice due to fierce competition from Thailand, India and Myanmar.
Prices of rice destined for the Philippines are facing a downward trend as China and Thailand are accelerating exports to the country to sell off their unsold stocks.
Meanwhile, aquatic shipment is facing more trade barriers. Notably, the US has raised anti-dumping duties on tra fish exporters from 0.42 USD/kg to 1.2 USD/kg, causing difficulties for the business circle and farmers, the official added.-VNA
Of that sum, earnings from the shipment of rice and processed aquatic products accounted for nearly 70 percent.
Toai said decreases were seen in both export volume and value of rice due to fierce competition from Thailand, India and Myanmar.
Prices of rice destined for the Philippines are facing a downward trend as China and Thailand are accelerating exports to the country to sell off their unsold stocks.
Meanwhile, aquatic shipment is facing more trade barriers. Notably, the US has raised anti-dumping duties on tra fish exporters from 0.42 USD/kg to 1.2 USD/kg, causing difficulties for the business circle and farmers, the official added.-VNA
