Rice is one of the rare commodities that is not being seriously affected by the COVID-19 pandemic, with both export volume and value increasing in the first two months of 2020.
In February, Vietnam's rice exports increased by 32.6 per cent compared to the same time last year, despite troubles from the COVID-19 epidemic and natural catastrophes.
Rice producers need to be more creative and increase quality if they want to see export profits rise next year.
Coffee exports in November saw a 13.9 percent decrease in volume to 120,000 tonnes, earning 207 million USD, a drop of 20.4 percent compared to the same period last year.
The second Vietnamese Coffee Day took place in Gia Nghia town of the Central Highlands of Dak Nong province on December 10, aiming to promote sustainable development of coffee sector.
Vietnam exported 1.46 million tonnes of coffee worth US$2.77 billion in the first three quarters of 2018, an increase of 20.1% in volume and 0.4% in value compared to the same period last year.
Vietnam’s agriculture sector, from production to exports, has developed impressively in recent times, but its progress is still yet to meet its full potential.
The US dollar has appreciated significantly against the Vietnamese dong in the past few days in the wake of the US Federal Reserves (Fed)’s interest rate hike last week, but local officials and experts are not too worried, believing these hikes won’t affect Vietnam’s economy in any major way.
VOV.VN - Do Ha Nam, chair of the Vietnam Pepper Association, who was up until recently bullish about the black pepper market, has now turned bearish, advising farmers to hold off from selling if they can.
Chairman of the Vietnam Pepper Association (VPA) Do Ha Nam has advised pepper farmers to make investment in technology and clean production as the competition with foreign rivals will be fiercer.
Vietnam's pepper shipments are forecast to reach around 101,000 tons for the first six months of 2017, up 13% on-year, but revenue is likely to fall 13%, according to Vietnam Pepper Association (VPA)'s chairman Do Ha Nam.
VOV.VN - The Vietnam-Bulgaria Friendship Association in Ho Chi Minh City hold a ceremony marking Bulgaria’s 139th National Day on March 3.
Vietnam was estimated to ship 273,000 tonnes of coffee abroad for US$616 million in the first two months of 2017, down 7.3% in quantity but up 22.3% in value compared to the same period last year.
VOV.VN - Vietnam farmers face another difficult year as confidence falters with industry analysts particularly pessimistic the country will reach overseas sales of more than five million metric tons in 2017, the Vietnam Food Association has said.
Vietnam earned US$1.2 billion from the export of nearly 145,500 tonnes of pepper in the first nine months of the year, a year-on-year increase of 31.5% in volume and 13.1% in value.
The high price of pepper, combined with a drop in coffee prices, has pushed many farmers to switch to cultivating pepper vines.
VOV.VN - Pepper shipments from Vietnam, the globe’s largest producer, will likely rise 13% this year, putting downward pressure on export prices, said leaders at a recent conference in Hanoi assessing the industry’s prospects for the year.
The global market share of Vietnamese coffee has shrunk from 22% in 2014 to 18% this year even though the country is still the world’s second biggest coffee exporter.
Vietnam will reform the structure of export goods and increase quality of export products to strive for sustainable exports and increase its value by this year-end and beyond.
Vietnam's pepper export revenue could set a new record this year or at least equal to that of last year despite lower export volume, according to the Vietnam Pepper Association.