Woodchip exports tumble in first six months
Vietnam shipped abroad 1.8 million tonnes of woodchip in the first half of this year, making up of only 61% of the same period last year, the Ministry of Agriculture and Rural Development reported.
Largest woodchip processing factory in Phu Yen starts operation. (Photo: Internet)Hanoi (VNA) – Vietnam shipped abroad 1.8 million tonnes of woodchip in the first half of this year, making up of only 61 percent of the same period last year, the Ministry of Agriculture and Rural Development reported.
The export is predicted to continue facing more difficulties in the rest of the year.
The year, it is estimated that around 7 million tonnes of woodchips will be exported for 600 million USD in revenue, equivalent to about 60 percent and 50 percent of last year’s respective figures.
The fall is attributed to the decline in demand in China – the world’s biggest woodchip consumer.-VNA
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