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Agriculture exports fall slightly in first two months

Released at: 14:16, 03/03/2015

Agriculture exports fall slightly in first two months

Most main items saw falling value and volume.

by Ha An

The latest report from the Ministry of Agriculture and Rural Development (MARD) puts export turnover in the agriculture sector for first two months at an estimated $1.78 billion and export value at $4.177 billion, a decline of 1.9 per cent compared with the same period last year.

The report also showed that the export value of main agricultural products in February was estimated at $1.87 billion, down 5.3 per cent. Seafood export value was estimated at $907 million, down 9.4 per cent, while export value of forestry products was estimated at $1.046 billion, up 8.9 per cent compared with the same period of 2014.

In general, the export turnover of most agricultural products fell significantly, in particular sectors considered to hold advantages in exports, such as seafood, rice, and coffee.

Rice exports recorded the largest decline, of 33.1 per cent in volume and 34 per cent in value compared with February 2014. The export volume reached 200,000 tons with $90 million in value, for volume in the first two months of just 526,000 tons and value of $243 million.

Coffee fell 25 per cent in volume and 16.4 per cent of value, at an estimated 100,000 tons and $230 million, respectively. This puts the coffee export volume for the first two months at 242,000 tons and $511 million in value.

Notably, seafood, which is considered a key sector, also fell significantly, with a value in February of $400 million and $907 million for the first two months, a decline of 9.4 per cent compared with the same period of 2014.

  • TAGS
  • MARD
  • agriculture exports

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