According to the Ministry of Agriculture and Rural Development, export value of major farm produce hit 1.68 billion USD, a year-on-year rise of 34.1 percent.
Meanwhile, revenue from aquatic and forestry product shipments reached 560 million USD and 745 million USD, respective increases of 15.6 percent and 18.5 percent.
In the month, Vietnam exported about 524,000 tonnes of rice worth 249 million USD, up 56.5 percent in volume and 74.2 percent in value over the corresponding time in 2017. In the year, the rice export price averaged 451.9 USD per tonne, up 0.7 percent compared with 2016.
The country also earned 338 million USD from selling 173,000 tonnes of coffee in the month, increases of 24 percent in volume and 7 percent in value.
Rubber exports saw the sharpest rise with volume up 94.5 percent to 181,000 tonnes and value up 14 percent to 204 million USD.
Cashew nut exports stood at 25,000 tonnes, bringing home 256 million USD, up 39.9 percent in volume and 56.5 percent in value.
During January, vegetable and fruit exports were estimated at 321 million USD, a rise of nearly 37 percent year-on-year.
Despite a hike of 59 percent in volume to 13,000 tonnes, pepper export value dropped nearly 9 percent to only 56 million USD.
The ministry said agro-forestry-fishery imports in January were estimated at 2.78 billion USD, a year-on-year increase of 48.1 percent.
VNA
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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