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Ago-forestry-fishery exports fetch US$2.69 billion so far PDF Print
Wednesday, 30 November 2016 12:29

VIETRADE – The country’s agro-forestry-fishery exports reached an estimated US$2.69 billion in November, lifting total figure in the 11 months of this year to US$29.1 billion, a year-on-year increase of 6%, statistic from the Ministry of Agriculture and Rural Development revealed.

According to analysts, these results made the ministry’s export value goal of US$31 billion for this year more feasible. During the 11 months, shipment of farm produce was estimated at US$13.7 billion, up 7.2% year-on-year. Among major agriculture products, coffee and pepper enjoyed the highest growths both in export volume and value in the period.


In November, more than 100,000 tonnes of coffee were shipped abroad for a value of US$218 million, raising the figures so far this year to 1.6 million tonnes and US$2.98 billion, an increase of 36% in volume and 24.3% in volume, respectively, compared to the same period in 2015.


Meanwhile, pepper exports hit 10,000 tonnes in November, worth a value of US$78 million, bringing the 11 month’s exports total up to 170,000 tonnes, valued at US$1.37 billion, up 37% in quantity and 15% in quality.


Rubber also witnessed an encouraging export growth with an export volume of 117,000 tonnes and a value of US$165 million, lifting the figures so far this year to 1.1 million tonnes and US$1.43 million. The exports surged 12.3% in volume and 5% in value, respectively, against last year’s corresponding period.


Other agricultural products, such as cashew nuts and tea, still maintained good growth in export. 


However, in November, rice exports saw a sharp drop as only 353,000 tonnes were sold for US$156 million. In the 11 months of this year, the country shipped abroad 4.54 million tonnes of rice for US$2 billion, a year on year fall of 25% in volume and 20.3% in value.


At the same time, decrease was also seen in export of cassava and cassava products, as 294,000 tonnes were bought for US$80 million, which raised the figures in January-November to 3.3 million tonnes and US$896 million, respectively, down 12.3% and 25% over the same period last year.


China remained the largest importer of Vietnamese rice, cassava and cassava products. The country consumed 36% of Vietnam’s total exported rice and 86.2% of shipped cassava and cassava products.

From January to November, exports of seafood and major forestry products saw yearly rises of 7% and 1% to US$6.4 billion and US$6.5 billion, respectively, according to the ministry’s data.


Ten key exports

The agricultural sector would focus on developing and promoting ten key products for export in the time to come, Viet Nam News newspaper cited Minister of Agriculture and Rural Development Nguyen Xuan Cuong as saying.


Cuong said at a recent meeting in Hanoi that his ministry would dedicate all its resources and restructure policies to develop these products, which would have an export value of US$1 billion, instead of making investments in all agro-products at the same time.


One of the products the ministry would focus on, for instance, would be brackish water shrimp. Specific plans for this product would be submitted to the Prime Minister.


Under the plans, shrimp export was expected to increase from current USS$3 billion to US$8-10 billion between 2025 and 2030, the minister said.


The ministry would also work to improve the production of provincial and municipal goods, based on the unique produces of the region, such as the Dong Thap mango, Hung Yen longan, Lang Son custard apple and Hoa Binh orange. This would contribute to promoting and developing national products.


According to Cuong, Cuong said the agricultural sector had restructured itself over the years and was successful in many areas. For instance, he said, the sector’s export value reached US$30 billion a year./.

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