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Agricultural exports rise 50%
Exports of agro-forestry and seafood products in February are estimated to reach US$1.5 billion, taking the total export revenue in the first two months to $3.6 billion, up 50.7 per cent over the same period last year, according to the Ministry of Agriculture and Rural Development.
All agro-forestry and seafood products have increased in export value because of high export prices, with exports of seafood products increasing by 54.4 per cent to $835 million; wood and wooden products by 17.6 per cent to $548 million; and agricultural products by 57.5 per cent to $2billion.
Of agricultural products, coffee exports have reached 225,000 tonnes worth $438 million in the first two months of the year, up only 2.2 per cent in volume but 40.4 per cent in value against the same period last year.
The average export price of coffee has increased to $1,948 a tonne in the two month period, an increase of 38.5 per cent against the same period last year.
The average export price of pepper in the two months also rose to a record high of $4,905 a tonne, with export of pepper reaching 11,000 tonnes worth $53 million, down 22.6 per cent in volume but up 23.4 per cent in value.
Rice exports have reached 1.1 million tonnes worth $592 million in the two months, up 55.6 per cent in volume and 44.5 per cent in value against the same period last year. The average export price of rice has reduced by 3.2 per cent against the same period last year.
Meanwhile, imports of agricultural materials and agro-forestry and seafood products have reached nearly $2.3 billion in the two months, an increase of 20.3 per cent year-on-year.
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