January 28, 2011

Vietnam's agricultural export returns rise 13%

Vietnam's January proceeds from agro-forestry and seafood exports are estimated at a total of US$1.6 billion, surpassing last year by 13%.

Of the figure, agricultural products are estimated at US$910 million, a rise of 19.3%, seafood, US$320 million, up 2.3% and forestry products, US$320 million, up 1.2% over the same period last year.

According to the Ministry of Agriculture and Rural Development (MARD), bad weather and increase in demand due to the Lunar New Year have pushed up the price of most agricultural products.

Vietnam imported fertilisers, pesticides, timber and wooden products, animal feed and wheat worth US$1.1 billion, a rise of 7.4% as compared to the same period last year, according to MARD.