Rising global demand boosts prices for Vietnamese commodities

The value of Vietnam’s agricultural exports was increasing due to global demand, authorities said Monday.

The country earned 1.6 billion dollars in January from commodities exports, up 13.4 percent against the same period last year.

The Ministry of Agriculture and Rural development said the output of main commodities was little changed in January but export revenue had surged on higher prices.

Rice, coffee, rubber and peppers are Vietnam’s main commodities.

On Monday, the Vietnam Coffee Association said the export price of beans was 41,000 dong or 1.97 dollars per kilogram, up 10,000 dong (0.48 dollars) compared with the beginning of the harvest in October.

The price of rubber latex had also increased to about 4,800 dollars per tonne, nearly double compared to a year earlier.

Nguyen Viet Chien, statistics director of the ministry, was quoted by Vietnam Investment Review on Monday as saying 15,000 exported tonnes of cashew nuts were 14.3 less than the year before, in quantity, but brought 38.3 percent higher revenues, at 98 million dollars. – DPA

Tags: Vietnamese commodities