Vietnam’s agricultural sector is witnessing a surge as global demand for its products escalates. The Ministry of Agriculture and Rural Development has reported substantial increases in export values across various agricultural commodities, notably coffee, rice, and the distinctive durian fruit.
In April, the export value of agricultural, forestry, and fishery products reached an impressive $5.14 billion, marking a robust 19.7 percent increase compared to the same period last year. This positive momentum has continued, with the total export turnover for the first four months of the year reaching an estimated $19.06 billion, representing a remarkable 23.7 percent surge from the previous year.
Of particular note is the significant spike in export prices for key agricultural staples. Rice, for instance, now commands $644 per ton, reflecting a substantial 22.2 percent increase. Similarly, the price of coffee has surged to $3,402 per ton, marking a remarkable 49.7 percent increase. Rubber, pepper, cashew nuts, and tea have also seen noteworthy increases in export prices, further bolstering Vietnam’s agricultural export revenues.
This exceptional growth is attributed to heightened import demand and the expansion of exporting businesses into new markets. Across various regions, demand for Vietnamese agricultural products has surged, with exports to Asia, the Americas, Europe, Oceania, and Africa witnessing significant increases in turnover.
The United States, China, and Japan remain the top import markets for Vietnamese agricultural, forestry, and fishery products. The export value to the United States alone accounts for a significant 20.1 percent share, marking a substantial 25.7 percent increase. China and Japan closely follow, with export values rising by 15.1 percent and 9.6 percent, respectively.
This surge in export demand bodes well for Vietnamese farmers and exporters, highlighting the country’s pivotal role in the global agricultural market. As Vietnam’s agricultural products continue to gain international acclaim for their quality and reliability, the outlook remains optimistic for the nation’s farming communities and the broader economy. With prices on the rise and demand showing no signs of abating, coffee, rice, and durian growers have every reason to celebrate their newfound success on the global stage.
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