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Agricultural exports top year's targets
The total export turnover of agro-forestry and fisheries exceeded the sector's annual target, hitting US$17.23 billion in the first 11 months of this year, a year-on-year increase of 22.5 per cent, announced the Ministry of Agriculture and Rural Development.
At the beginning of the year, the target was set at $16 billion, the ministry said.
Major agricultural exports reached $8.82 billion, up nearly 22 per cent; fisheries brought in $4.55 billion, an increase of nearly 18 per cent; and forestry exports earned $3.23 billion, rising 31.4 per cent over the same period last year.
In November alone, the total export turnover was $1.75 billion, matching the October figure, the ministry said.
"Thanks to the recovery of the world economy, demand for these products has significantly increased. Export volume and value of most agro-forestry and fisheries products have increased, except for coffee and cassava," said director of the ministry's information technology and statistics centre Nguyen Viet Chien.
Rice has played a major part in the increased value and volume of exports.
In November, Viet Nam shipped 500,000 tonnes of rice abroad worth $235 million, bringing the total figures for the first 11 months to 6.3 million tonnes and $2.95 billion respectively.
The Philippines remains the biggest importer of Vietnamese rice.
The ministry said rice exporters would continue to enjoy advantageous conditions, with the recent news that Russia would cut one-third of its wheat exports.
"Trade in wheat is five-times higher than trade in rice. Russia's export limits will increase the world demand for rice and as a result, the price will go up. It will help Vietnamese rice exporters," the ministry said.
Rubber has been the most expensive export commodity. On average over the first 10 months, rubber cost over $2,800 per tonne, surging $1,270 compared to the same period in 2009.
"The cost of rubber has increased because of a drop in supply from traditional markets like Thailand, Malaysia and Indonesia due to natural disasters. Meanwhile, demand has strongly increased in China, the US and Japan," the ministry reported.
Thanks to this price hike, rubber export turnover in the first 11 months of the year increased by 286.4 per cent year-on-year to $1.92 billion, a significant increase given volume was only up by 4.84 per cent to 672,000 tonnes, the ministry said.
The price of pepper also increased. In spite of a 13 per cent decline in export volume, value soared by 20 per cent to $390 million for the first 11 months.
Forestry and wood-base products also experienced an increase in price over the same period. Export value reached $3 billion, a year-on-year increase of 32.6 per cent thanks to a 40 per cent increase to the US and 19 per cent increase to Japan.
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