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Agricultural, fisheries, forestry exports down
The export turnover of agricultural, fisheries and forestry products has been posted at 1.3 billion USD for November, bringing the total for the first 11 months of the year to 14 billion USD, down by 6.94 percent year on year.
All three sectors have suffered the same fate this year with agricultural exports down by 7.9 percent year on year to 7.17 billion USD in revenue, fisheries by 6.28 percent to 3.94 billion USD and forestry products by 10.8 percent to 2.45 billion USD.
In regards to rice exports, overseas shipments increased by 32 percent year on year but revenues fell by over 7 percent due to a sharp drop in Vietnamese rice prices on the world market, reported the Ministry of Agriculture and Rural Development (MARD).
Prices in the first 11 months were just 447 USD per tonne, equivalent to 70 percent of the same period last year, MARD reported.
However it said it expected a rise in prices as India and the Philippines will soon need to import huge quantities of rice.
MARD gave the same explanation for the fall in coffee export revenues, saying that Vietnam remained the second biggest coffee exporter in the world with shipments up by more than 19 percent, but revenues were down by almost 15 percent.
On average over the past 11 months one tonne of coffee beans has fetched 1,478 USD, a fall of 30 percent year on year.
In regards to the seafood sector, most of its biggest currency earners dropped off such as tra and basa fish down by 8.6 percent, cuttlefish by 11.7 percent and tuna by 4.8 percent.
MARD said that exports of seafood to Vietnam’s major markets fell due to the global economic downturn, especially in Japan and the US, where exports fell by 10.7 percent and 4.52 percent, respectively.
Tea was the only agricultural export that enjoying a surge in both quantity and value.
The country has earned over 159 million USD after exporting 121,000 tonnes of tea over the past 11 months, representing a respective increase of 16.2 percent and 24.4 percent year on year.
MARD attributed the surge to increasing consumer demand around the world while supplies have dropped off slightly.
VIETNAMPLUS
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