Farm exports on the rise despite demand fears
HCM CITY (VNS) - Despite concerns about the slump in demand for Vietnamese farm produce in traditional markets like China, the country's exports in the first seven months were worth US$17.5 billion, an increase of 11.8 per cent year-on-year. According to figures from the Ministry of Agriculture and Rural Development, major increases were reported in the exports of coffee, pepper, seafood, and wooden products. But other items like rice, rubber, tea, and cassava and its products have seen a slump due to a decline in exports to Many items have been sold to the EU, the Green-skinned pomelo and dragon fruit, for instance, have been shipped to 40 countries and territories around the world. Last year Nguyen Xuan Hong, deputy head of the Ministry of Agriculture and Rural Development's board for promoting exports of vegetables, flowers and fruits, said to maintain growth in exports of farm produce, local firms must look for new markets while strengthening relations with traditional markets through improving quality by further investing in post-harvest technologies. "Local businesses should invest in advanced technologies for processing farm produce. "For example, they can build plants to produce ethanol from cassava and make wood products from shavings instead of importing them." New technologies have helped increase the value of produce. Binh Dinh Fishery Joint Stock Company (Bidifishco) exported its first batch of ocean tuna to She added that tuna weighing 40-50kg each would be exported to By applying CAS technology (which helps preserve fruits for a year while retaining quality), Luc Ngan District in According to the Ministry of Agriculture and Rural Development, exports of farm produce, seafood, and forest produce accounts for nearly 20 per cent of the country's total exports on average. Rice exports to increase The association predicted that third-quarter rice exports would top 1.9 million tonnes in volume and increase by $2-3 per tonne in price. Turnover excluding the Chinese market would reach 6.3 million tonnes by the end of the year. During the last 7 months, 3.6 million tonnes of rice were exported. Of the total, 35.9 per cent was 15 per cent broken, 20.2 per cent was 5 per cent broken and 13.4 per cent was 25 per cent broken. The 25 per cent broken rice cost between $405-415 per tonne, down $5. The price of 5 per cent broken rice fell by $15 per tonne to $445-455 per tonne, equal to rice sold by Thailand and Pakistan and more expensive than that sold by India. Vietnamese rice exporters had almost no competitors in the Meanwhile, |
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