January 31, 2012

Vietnam's January fish exports down 16.3%

Vietnam's January agro forestry and fisheries exports have an on-year drop of 16.3% which are estimated at US$1.8 billion, said the Ministry of Agriculture and Rural Development.

The ministry said staples are facing outlet difficulties and decreasing world market prices in the first month of the year.

The country's rice exports are expected to be 400,000 tonnes worth US$240 million, an on-year decrease of 25.4% in volume and 14.2% in value.

Sharing the same situation with rice are coffee and rubber. The country's coffee exports are estimated at 170,000 tonnes for US$350 million, on-year falls of 20.9% in volume and 15.3% in value. The country is expected to export 60,000 tonnes of rubber in January.

Meanwhile, world market prices of pepper and cashew nuts remained stable and the country exported 4,000 tonnes of pepper for more than US$30 million, up 29.1% in value over the same period last year.

The country also shipped US$370 million worth of seafood products in January.