High prices boost farm exports

Exports of agricultural products during the first 10 months of this year reached a total of US$11.6 billion, a year-on-year increase of nearly 45 per cent, with export value bolstered by high prices.

(Vietnam News file photo) A worker stacks jars of pickled gherkins at Ha An International JSC.

During this period, the country exported 6.5 million tonnes of rice, valued at $3.3 billion, reported the General Statistics Office (GSO).

These figures increased by 11.6 per cent in volume and 20.3 per cent in value against the same period last month.

Indonesia was still the biggest rice importer, with export turnover and value to the market rising year-on-year by 3.4 times and 2.8 times, respectively, the office said.

Many agricultural products reached export records thanks to high prices this year.

Rubber was one of the best performers, with rubber exports earning the country $2.6 billion during the first 10 months, about $300 million higher than the total for all of 2010. In comparison with same period last year, rubber exports soared by 57.3 per cent.

More than 1 million tonnes of coffee have been sent abroad during the 10 months, earning $2.3 billion.

Other exports to hit record earnings included cashews, with a total volume of 146 tonnes, worth $1.2 billion during the 10 months. Thanks to high prices, cashew export value increased by 36.5 per cent despite a decline of 8.1 per cent in volume.

The GSO reported that seafood export value was worth $4.95 billion, up by 23.2 per cent against the same period last year.

Forestry products brought the country $3.4 billion, an increase of 16.2 per cent over last year.

Source: Vietnam News

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