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Vietnam Today

Agri exports tumbling

Released at: 11:42, 27/06/2015

Agri exports tumbling

Export of agricultural and fishery products experiencing major declines while forestry exports remain steady.

by Hoai An

The total exports of agricultural, forestry and fishery products stood at $2.6 billion for June and $14.42 billion for the first six months of the year, according to a report from the Ministry of Agriculture and Rural Development (MARD).

The export value of main agricultural products was estimated at $6.93 billion, down 5.7 per cent, in particular coffee and rice. Coffee exports recorded the highest fall ever in both volume and value, declining by 35.8 per cent and 35.1 per cent, respectively, against the first half of last year. Rice exports, meanwhile, were 3 billion tons valued at about $1.3 trillion, down 6.2 per cent and 10.5 per cent, respectively. The average price per ton was $435.18, a 3.78 per cent decline over the same period last year.

Among agricultural commodities, cashew nuts was the only sector to see a significant increase, with exports reaching 150,000 tons with an estimated value of $1.08 billion, for increases of 14 per cent in volume and 28.2 per cent in value.   

Seafood exports in the first six months fell 16 per cent compared to the same period last year. The US remained the biggest market, with 19.33 per cent.

Forestry products maintained stable growth. The estimated export value of wood and wooden products in June rose 8 per cent compared to June 2014. The three largest markets for Vietnam’s forestry products were the US, Japan and China, accounting for a total of 66.04 per cent of export value.

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