In the past 9 months, the agricultural sector has brought more than 38 billion USD in export turnover of agriculture, forestry, and fishery products.
Although still down more than 5% compared to the same period in 2022, the strong increase in some industries has shown many advantages in the fourth quarter.
Export of agricultural, forestry, and fishery products brought more than 38 billion USD.
While fisheries and forestry products maintained a decrease of about 20% over the same period last year, the value of agricultural products had the strongest increase, reaching nearly 20 billion USD, up nearly 17% compared to last year.
Vegetables, fruits, rice, and coffee are Vietnam’s products that have advantages to accelerate both quantity and value. In the last 9 months, the fruit and vegetable category alone has reached nearly 4.2 billion USD which is up nearly 72% over the same period last year.
VIETNAM’S AGRICULTURAL PRODUCTS INCREASE IN BOTH QUANTITY AND VALUE
China, the US, and Japan are the three largest markets for Vietnam’s agricultural products. There are many challenges, especially the two main sectors, fisheries and forestry, maintained a decrease. However, in many other sectors, Vietnam’s agricultural products tend to increase in both quantity and value.
With a turnover value of more than 3.6 billion USD, rice has increased in value by more than 40% compared to the same period last year. There was a time when rice price up to nearly 650 USD/ton.
In the high-end segment, some businesses have sold fragrant rice for 1,100 – 1,500 USD/ton. The target of rice export for the whole year reaching about 4 billion USD is not too far but it requires farmers and businesses to link in a closed chain.
“Vietnam’s rice export chain has a bottleneck somewhere. The link between rice cultivation and consumption must be closely linked. This is of most importance for us to take advantage of the increase in rice prices in the world”, said Mr. Pham Thai Binh, General Director of Trung An High-Tech Agriculture Joint Stock Company.
In just 7 months, durian brought 1 billion USD. The vegetable and fruit industry is moving closer to the expected 5 billion USD in export turnover for the whole year. After durian, coconut will continue to be a billion-dollar fruit when the US and Chinese markets are officially opened. At this time, many farmers are excited to renovate their gardens and apply clean farming measures to be ready for export.
The target of rice export for the whole year reaching about 4 billion USD is not too far.
Along with rice and fruits, Vietnam’s coffee kept the price at a high level, up to 2,828 USD/ton. The average price in 9 months was 2,455 USD/ton. After 9 months, the coffee industry brought i3.1 billion USD, down more than 7% in quantity but up nearly 2% in value compared to the same period last year.
From now until December, the large coffee areas, the Central Highlands and Northwest, will enter the harvest. With an expected supply of about 29 million bags, Vietnam’s coffee is welcomed by the world.
“Because the harvest season has not yet come in other countries, the output to the market is low. Secondly, the quality of Vietnam’s coffee has increased quite strongly in recent years. Besides, due to good traceability, difficult markets prefer products with clear traceability, “said Mr. Phan Thanh Binh, Institute of Agricultural Science and Forestry of the Central Highlands.
The challegen for both farmers and exporters in the fourth quarter is to continue to maintain good control over the quality, strictly comply with the regulations of the importers.
Positive signals from a number of industries have contributed to strengthening the target of 54 – 55 billion USD in export value of agricultural, forestry, and fishery products this year. The Ministry of Agriculture and Rural Development and the Ministry of Industry and Trade will continue to coordinate to manage exports more flexibly and effectively./.