Surge in vegetable, rice, coffee orders signals prosperous year
Vegetables, rice, and coffee have seen a surge in orders right from the beginning of 2024, signaling a busy year ahead despite challenges in the global trade.
Hanoi (VNA) – Vegetables, rice, and coffee have seen a surgein orders right from the beginning of 2024, signaling a busy year aheaddespite challenges in the global trade.
Chairman of the Vina T&TGroup Nguyen Dinh Tung revealed that his company recently shipped durian to China, six tonnes of AnGiang mango to Australia and one tonne to the US, among other markets.
🔯 He expressed his hope to maintain a double-digit export growth this year.
Successful negotiations to openmarkets for diverse agricultural products in China, with its massivepopulation, played a pivotal role in the substantial growth of fruit andvegetable exports that reached 5.6 billion USD last year. The coffee sector, facingconcerns about supply shortages from major global producers and disruptions inthe Europe-Asia maritime transport route through the Suez Canal, not onlywelcomed new export orders but also witnessed an increase in export pricesearly this year.
Theoverall prosperity in the export of various agricultural products is alsoanticipated to continue thanks to improving production, processing, and supply.
Thoughthe Vietnamese farm produce are available in 190 countries, their shares remain relatively modest in major markets, particularly in China, constituting only5% of its total agricultural import volume.
DangPhuc Nguyen, Secretary-General of the Vietnam Fruit and Vegetables Association,highlighted that Vietnam has signed 16 free trade agreements (FTAs), with 15currently in effect. This has created advantages to fruit and vegetableexports through tariff preferences, thereby improving the competitiveness ofVietnamese enterprises.
𓆉 According to the Ministry ofAgriculture and Rural Development, Vietnam can potentially export over 8million tonnes of rice while still ensuring food security this year. Amidglobal uncertainties in rice supply, the Vietnamese grain prices are expected tobenefit, leading to a boost in export revenue.
Vegetables, rice and coffee generated arecord export revenue exceeding 14 billion USD last year. With a steady influxof orders, they are poised to earn an estimated 17-17.5 billion USD this year./.
The Vietnam Vegetable and Fruit Association (VINAFRUIT) estimated that Vietnam’s fruit and vegetable exports will top 5.5 - 5.6 billion USD, which is a new record, in 2023.
After a period of stagnation caused by the COVID-19 pandemic, many farm produce of Vietnam have recorded speedy growth in export to China so far this year and the shipments are predicted to keep increasing in the time ahead.
Vietnam’s fruit and vegetable exports are expected to reach a new record of 6.5-7 billion USD this year, up 15-20% from 2023, propelled by robust market signs, according to the Ministry of Agriculture and Rural Development.
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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
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Illustrative image (Photo: VNA) 
