Vietnam’s agro-forestry and seafood exports to hit US$13.9 bil

In July, Vietnam is expected to fetch US$2 billion from exporting agro-forestry and seafood products, bringing total export turnover in the first seven months to US$13.9 billion, up 33.4 percent against the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).

Vietnam’s key farm exports including coffee, pepper and rubber are estimated at US$8.1 billion, up 44.6 percent.

In the reviewed period, coffee exports are expected to reach around 930,000 tonnes worth US$2 billion, up 24 percent in quantity and 92.2 percent in value from a year earlier. The average price of coffee now stands at US$2.196 per tonne.

Vietnam expects to earn US$2.3 billion from rice exports, up 9.7 percent in quantity and 10.8 percent in value. Indonesia remains to be Vietnam’s largest partner, followed by Malaysia and Cuba.

Vietnamese businesses also set their sights on new markets such as Senegal, Bangladesh and Cote d’Ivoire.

Pepper exports are predicted at 85,000 tonnes worth US$465 million, up 70.9 percent in value against the same period last year. The export price of pepper is now US$5.393 per tonne.

In the meantime, rubber exports are put at 349,000 tonnes worth of US$1.5 billion and the average price is US$4.368 per tonne. – VOV

Tags: Vietnam Seafood, Vietnam seafood exports