Exports of agricultural, forestry and aquatic products might reach over US$12 billion this year, exceeding the Government’s 2007 plan, reported the Ministry of Agriculture and Rural Development.
|Coffee is the first item to beat its 2007 target|
The sector earned US$11.5 billion in exports in the past eleven months, a year-on-year increase of 15 percent.
Most agricultural products have gone decent prices so export value increased dramatically and there were more export categories earning over US$1 billion this year.
Coffee was the first item to beat its 2007 target, with earnings of US$1.7 billion, compared to US$1 billion in 2006.
Exports of aquatic products are likely to reach almost US$3.7 billion this year, an increase of some US$150 million over last year.
Furniture exports are expected to amount to US$2.5 billion and rubber is expected to earn US$1.4 billion.
Export prices of cashew nuts have bounced back helping the nuts earn their highest ever revenue, US$650 million.
Pepper exports increased most dramatically. Though the volume of pepper exported in the past 11 months was only 70,000 tons, half of 2006, prices had risen so much that turnover has reached US$249 million already, versus US$190 million last year.
Pepper’s export price has averages some US$3,500 per ton this year, more than double the US$1,500 average of 2006.