Woodchip exports tumble in first six months
Vietnam shipped abroad 1.8 million tonnes of woodchip in the first half of this year, making up of only 61% of the same period last year, the Ministry of Agriculture and Rural Development reported.
The export is predicted to continue facing more difficulties in the rest of the year.
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The year, it is estimated that around 7 million tonnes of woodchips will be exported for US$600 million in revenue, equivalent to about 60% and 50% of last year’s respective figures.
The fall is attributed to the decline in demand in China – the world’s biggest woodchip consumer.
