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Agriculture and Fishery Export: Two Different Stories of Output and Market

In the first quarter of 2014, goods export has not gained much profit in terms of price. Plus, due to unfavourable weather conditions, agriculture and fishery export decreased; however, exporting output to regional markets, especially traditional ones such as China, the US and Germany increased.

Decrease in volume

Reports pointed out that the average exporting price of most agriculture goods plummeted compared to the same period of 2013, causing a decrease in turnover of this group by US$160 million. The exporting value of major agriculture goods reached US$3.35 billion, falling by 1.8 percent compared with the same period of 2013.

Specifically, the March rice export volume in 2014 was estimated at 524,000 tonnes with a value of US$243 million, pushing up the total volume of rice export for the first three months to 1.31 million tonnes, decreasing by 14.9 percent of rice volume and 10.4 percent of exporting value compared with the same period last year. The March rubber export volume reached 37,000 tonnes, equal to US$71 million, pushing up the total volume of rubber export to 144,000 tonnes equal to US$292 million, falling by 23.1 percent of rubber volume and 42 percent of value compared with the same period last year. Tea exports also witnessed a decrease of 15.4 percent of volume and 13.8 percent of value compared with the same period in 2013.

Export volume of some agricultural commodities such as rice, coffee or tea showed a restriction of increasing output and the dependence on weather conditions. Besides, the situation “good crop – loss price, good price – loss crop” occurred consecutively due to lack of connections in business. Fluctuated exporting price led to uncertainty in production of individuals and enterprises; material area, thus, was narrowed.

Additionally, export prices of some agricultural products dropped or slightly increased over the same period, contributing to the decrease of exporting turnover of those products. Therefore, apart from temporary storage, capital support and market seeking for enterprises should be of more interest.

Expanding export market

Exporting output to other markets, especially traditional ones, witnessed dramatic growth in spite of having a decrease in output of agriculture and fishery commodities.

Particularly, there was a fluctuation in rice export market. The Philippine market recorded rocketing growth during the first two months with the seven-fold increase in volume and 7.7 times in value compared with the same period in 2013. The Philippines, after that, ranked the number one rice export market of Vietnam, accounting for 46.95 percent of the market, followed by China and Hong Kong with 23.91 and 3.8 percent, respectively.

In early 2014, fishery export to markets such as Japan, Korea and Australia surged to 22.64 percent, 50.73 percent and 63.3 percent respectively. The Chinese market, on the other hand, fell by 10.26 percent. The US was still considered Vietnam’s leading seafood importer, accounting for 26.36 percent of total export value. Seafood export to US during the first two months reached US$275.14 million, rising 92 percent compared with that of 2013.

In addition, the US, China and the Netherlands were still the top three cashew nut import markets of Vietnam, making up for 26.18 percent, 20.35 percent and 9.59 percent of total export value. Pepper export to US, Singapore and India, Vietnam’s three biggest export markets during the first two months of 2014, accounted for 43.63 percent of the market.

Regarding the speed of growth in the first quarter, the Ministry of Agriculture and Rural Development said, agricultural production was seriously affected by continuous cold weather in Northern Vietnam, especially the mountainous areas. However, due to development policies in production, agricultural production in the first quarter gained good achievements. The Ministry continues to concentrate on developing industries of its strength, increasing export value and expanding export markets in the upcoming time.


Tags: agriculture goods, Export, export turnover, tre,