Vietnam's agricultural exports rebound

Published 2023년 9월 13일

Tridge summary

Vietnam earned $33.21 billion from agricultural exports in the first eight months of the year, a 9.5% decrease compared to last year. However, some sectors saw significant growth, with fruit and vegetables increasing by 57.5% and rice by 36.1%. The country's agricultural sector aims to accelerate exports in the coming months, with the goal of reaching $4 billion in rice exports and $5 billion in fruit and vegetable revenues.

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Original content

ABO/NDO- Vietnam earned 33.21 billion USD from agricultural exports in the first eight months of the year, according to the Ministry of Agriculture and Rural Development. This figure is down 9.5% from the same period last year, however, the decline of several key sectors has slowed down while some others recorded robust growth. Fruit and vegetables surged by 57.5% to 3.45 billion USD, while rice soared by 36.1% to 3.17 billion USD. Cashew nuts and coffee rose by 8.9% and 2.3% respectively to 2.23 billion USD and 2.94 billion USD. Along with the export increases, the prices of many exports also hit record highs, with rice at times reaching 650 USD per tonne while the average price for the January-August period was 542 USD per tonne, up 11.5% from last year. Coffee prices ponderously at 2,455 USD per tonne, up 8.5%, with China, the US and Japan remaining the largest buyers of Vietnamese coffee. It is only half a month away from the end of the third quarter, so the eight-month ...

Source: Baoapbac