Some key export farming products to fall export value against targets

Some key farm export products struggled to reach targets this year due to a lack of raw materials and disadvantages on the world market, the Ministry of Agriculture and Rural Development said.

The ministry has reduced expectations in export value for seafood, coffee and rubber.

Export prices on the world market were expected to fall by the end of the year compared to the first half and export volumes would not increase due to lack of raw materials for processing, the ministry said.

Thus, the total export value for the year was expected to fall by US$80 million to $6.1 billion for seafood and from $3.739 billion to $3.7 billion for rubber and the volume of coffee exports was estimated to fall from 1.3 million tonnes to 1.2 million tonnes for the year. – VNS

Tags: Vietnam Agricultural exports

Posted by VBN on Aug 5 2011. Filed under Agriculture, Import-Export. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry