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AGRICULTURAL PRODUCT EXPORTS 2024: EXPECT A BREAKTHROUGH

|May, 14th , 2024         

 

 

xuat-khau-nong-san

In January 2024 alone, Vietnam's total agricultural export turnover reached 5.14 billion USD, an increase of 79.2% over the same period last year. Most groups and industries are growing, expecting a breakthrough this year.

Growth in most markets

In January 2024, Vietnam had a series of agricultural export orders to major markets. For example, a batch of green-skinned mangoes from Cho Moi district, An Giang province were exported to the US and Australian markets.

Similarly, rice products are also expected to have a successful year, when signals from the markets are quite positive. Right from the beginning of 2024, many rice export businesses have received orders.

According to the World Food Organization (FAO), the world is lacking about 5 million tons of rice. Deputy Director of the Department of Quality, Processing and Market Development (Ministry of Agriculture and Rural Development) Le Thanh Hoa informed that the global rice inventory has decreashe improvement in exports in the first month of 2024 also includes the seafood industry. 2023 is a difficult year for this group and industry, but from January 2024, seafood exports have increased in many markets, signaling a recovery. Many financial speculators around the world choose coffee (after oil and gold) to speculate and the Red Sea conflict causes coffee prices to increase even more.

nongsan

Assessing agricultural product exports in the first month of the year, Deputy Minister of Agriculture and Rural Development Phung Duc Tien said that in January 2024, Vietnam's total agricultural, forestry and fishery export turnover reached 5.14 billion USD, an increase of 79 billion USD. .2% over the same period last year and the value of agricultural exports also increased. Of which, agricultural products reached 2.71 billion USD, an increase of 93.8%; forest products 1.49 billion USD, up 72.5%; seafood 730 million USD, an increase of 60.8%; livestock 36 million USD, up 3.5%... China continues to be Vietnam's largest agricultural product import market, accounting for 23% (up 106.9%). Next is the US market accounting for 20.8% (up 95.9%) and Japan accounting for 7.4% (up 47.5%).

Have specific strategies for each industry

Experts believe that the Agriculture sector will successfully reach its target, even exceeding the set target, because many industries promise major breakthroughs. General Secretary of the Vietnam Fruit and Vegetable Association Dang Phuc Nguyen said that by 2024, Vietnam's vegetable and fruit industry is forecast to grow by about 15-20%, continuing to set new peaks, possibly surpassing the figure of 6. billion USD, even approaching the 7 billion USD mark. Currently, the Vietnam Fruit and Vegetable Association is coordinating with the Ministry of Agriculture and Rural Development and businesses to implement many activities to promote the development of the vegetable and fruit industry.

According to kinhtetrunguong.com.

 

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