Export of agro, forestry and fishery products increases 9.1% in November

According to the report, agriculture, forestry and fishery export turnover in November 2018 was estimated at US$ 3.61 billion. Thus, the total export value in 11 months of 2018 reached US$ 36.3 billion, up 9.1% over the same period in 2017.

Specifically, the export value of major agricultural products was estimated at nearly US$ 18.1 billion, up 3.1%; fishery products reached US$ 8.1 billion, up 6.8%; animal husbandry reached US$ 0.51 billion, up 13%; main forest products reached US$ 8.6 billion, up 18%.

The volume of exported rice in November was estimated at 496,000 tons with a value of US$ 241 million. Thus, the 11-month rice export volume was estimated at 5.7 million tons, valued US$ 2.9 billion, up 5.6% in volume and 17.7% in value over the same period in 2017.

The Department of Processing and Market Development of Agriculture Products (Agro-Trade) forecasted that in 2018, export rice would maintain the growth momentum, expecting to reach 6.15 million tons with a turnover of US$ 3.15 billion, up 5.7% of the volume and 19.6% of the value compared to 2017.

This goal could be achieved as the rice market in the last months of the year had import signals from Indonesia and the Philippines. In the opening session of the bid to import 500,000 tons of 25% broken rice on the 20^th   November of the Philippines, Viet Nam won an export contract with a volume of 118,000 tons.

Regarding coffee, export of this item in 11 months was estimated at 1.73 million tons with US$ 3.3 billion, up by 23.4% in volume and 3.2% in value over the same period in 2017.

It was forecasted that coffee prices would be less prosperous in the coming time due to Brazil's new volume of Conilon Robusta coffee this year, after meeting domestic demand, about 4 - 5 million bags for export would be reserved for export and are flowing strongly to London to register for auction.

With pepper, as pepper export price has been falling continuously (38%), although the export has increased in volume, it reached 220,000 tons, but the value only reached 718 million USD, down 32.5% compared to the same period last year.

World pepper prices were expected to increase slightly in the coming time thanks to a decrease in supply and increase in demand. In 2019, it is forecasted that production by some major producing countries such as Viet Nam and India are not optimistic due to diseases and natural disasters.

In the long term, quality will be the deciding factor on pepper prices. Therefore farmers and businesses need to promote organic pepper production, whilst building and promoting the brand of each locality to markets around the world.

Also increasing in volume but decreasing in value, the export of cashew in 11 months was 342,000 tons with a turnover of US$ 3.1 billion. The United States, the Netherlands and China remain the three largest import markets of Viet Nam, taking over 60% of the market share.

In 11 months, the export value of vegetables and fruits reached US$ 3.5 billion, up 11.6% compared to the same period in 2017. The Agro-Trade also said that the estimated value of agricultural imports in forestry and fisheries in 11 months reached US$ 28.8 billion, up 13.6% over the same period in 2017.