Agricultural exports enjoy early growth
(VOV) - Many Vietnamese agricultural export commodities, including coffee, pepper, and cashew nuts, have started early 2013 off positively thanks to increasing order numbers and good prices.
Vietnam Pepper Association (VPA) Chairman Do Ha Nam said the world market’s demand for agricultural products is rising, fuelling the pleasing export prices.
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In Vietnam, the average price of pepper ranges from VND122,000 to 123,000/kg, higher than the same period last year.
The pepper export shortages suffered by competitors like Brazil, Indonesia, and Sri Lanka are also helping Vietnamese producers and exporters. Many overseas traders are monitoring the Vietnamese pepper market closely.
Vietnam Cashew Association (VINACAS) Chairman Nguyen Duc Thanh reported the Association has already signed contracts to ship nearly 300 containers of cashew nuts, doubling the figure recorded a year earlier.
The export price of cashews continues to rise, especially in the European Union (EU), North American, and Australian markets. Thanh attributed the surging price to a decrease in international cashew reserves and the approaching festive seasons in large importers like the EU, US, and the Middle East.
Vietnam Coffee Corporation (Vinacafe) General Director Nguyen Nam Hai also said his firm has received many orders since the beginning of this year.
The local coffee sector is expected to see higher export prices as the stockpiles of other coffee exporters have fallen 17.1 percent compared from 2012. The International Coffee Organisation (ICO) said stockpiles are at their lowest levels in recent years, adding that the demand for Robusta coffee is increasing.