Bright prospect predicted for agricultural products’ export
Good prospect is forecast in the export of several agricultural products, including rice, in the rest of the year as demand in importing markets has shown optimistic signs, according to the Ministry of Agriculture and Rural Development (MARD).
Hanoi (VNA) –Good prospect is forecast in the export of several agricultural products,including rice, in the rest of the year as demand in importing markets hasshown optimistic signs, according to the Ministry of Agriculture and RuralDevelopment (MARD).
The ministry predictedthat domestic rice prices will continue to stay high until the end of June 2018,buoyed by hope for resuming exports to the Philippines.
According to a reportby the General Department of Vietnam Customs, in the first five months of 2018,rice shipments overseas rose 25.7 percent in volume and 42.6 percent in value, withprices picking up 13.4 percent over the same period last year.
Statistics showed that452,000 tonnes of rice were shipped abroad in May for 347 million USD, pushing thefive-month rice export volume to 2.66 million tonnes with value of 1.45 billionUSD. China was still the biggest market of Vietnamese rice.
Vietnamese ricequality has gradually approached international standards, prompted by the shiftin world demand for rice of higher quality. According to the MARD, importing countriesnow prioritise the import of fragrant and Japonica rice varieties. Currently,African countries are also increasing rice imports, creating opportunities forVietnamese firms in the markets.
Meanwhile, exports ofaquatic products in May fetched 700 million USD, raising total value in thefirst five months of 2018 to 3.1 billion USD, up 11 percent over the sameperiod last year.
Particularly, exportvolume of tra fish in May was estimated at 104,000 tonnes, a year on year riseof 11.6 percent, marking a record growth rate in many years.
The US, Japan, Chinaand the Republic of Korea were the top markets of Vietnamese aquatic products,which consumed over 50 percent of total exported volume.
High frowth was seenin many markets, including the Netherlands (60 percent), China (27 percent),the UK (27 percent), Germany (26 percent), and the Republic of Korea (21percent).
At the same time,chicken meat is also among products with high hope for growth in latter half ofthe year. Since the beginning of 2018, export volume of the product expanded 3times compared to that in 2017.-VNA
Vietnam’s export earnings from agro-forestry-aquatic products are likely to exceed 40 billion USD this year after reaching 15.6 billion USD in the first five months, said Minister of Agriculture and Rural Development Nguyen Xuan Cuong.
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Illustrative Image (Source: VNA) 
