Agro-forestry-aquatic exports nearly reach $25 billion

The Ministry of Agriculture and Rural Development on October 26 announced that agro-forestry-aquatic export turnover was estimated at $2.55 billion in October, sending 10-month agro-forestry-aquatic exports to $24.61 billion.
Of which, export turnover of key farm produces was estimated at $11.51 billion, a decrease of 6.1 percent compared to the same period last year. Some products including coffee, rubber, rice, and seafood saw sharp drop in export value. Of which, coffee dropped 31.4 percent; rubber lost 15.8 percent; rice declined 11.7 percent; and seafood fell 17.7 percent.
Meanwhile, export value of key forest products was estimated at $5.74 billion, up 7.5 percent.
However, rice market have become vibrant in October as purchasing was promoted in order to fulfill export contracts to Indonesia and the Philippines. The price of cashew nut currently remains at high level as during the last months of this year, many major markets still import cashew nut for Christmas, New Year, and lunar New Year holidays.

By Van Phuc – Translated by Thuy Doan

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