Many countries increased their purchases of processed fruits and vegetables from Vietnam

Vietnam

Market & Price Trends

Published Mar 5, 2024

Tridge summary

Vietnam's processed fruit and vegetable exports are seeing a global demand surge, with a 10% increase in export revenue at the start of the year. Despite challenges such as potential raw material shortages and rising freight rates due to Red Sea region tensions, businesses are investing in sustainable raw material areas and strengthening ties with farmers. This growth, which has seen exports consistently exceed 1 billion USD since 2022, is expected to reach 2 billion USD, particularly with China's approval of frozen durian exports from Vietnam.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Mr. Nguyen Van Thu - Chairman of the Board of Directors of GC Food - said that domestic consumers' purchasing power for processed fruits and vegetables slowed down at the beginning of the year but in the world is still increasing. High-quality, healthy products are increasingly prioritized by consumers in many countries in their shopping carts. "At the beginning of the year, the company's export revenue increased by 10% compared to the same period last year. We are having orders all year with high output and value. In which, Korea and Japan are the favorite markets. aloe vera and Vietnamese coconut jelly," Mr. Thu said. Ms. Nguyen Thi Thanh Ha - CEO of Westfood Western Food Processing Export Joint Stock Company - also said that sales volume in the first 2 months of the year increased by nearly 50% compared to the same period in 2023. In particular, the market European, American, Australian, and New Zealand markets all increased sharply. This shows the increasing potential and ...

Source: VNExpress