VOV.VN - Local export firms have encountered a range of difficulties due to the domestic price of cashew nuts being between 15% and 20% higher in comparison to the export price, according to figures released by the Ministry of Industry and Trade.
The Government should build corporations with financial resources to help the domestic tea industry add value, branding and sales, said Chairman of Vietnam Tea Association Nguyen Huu Tai.
An event took place in Hanoi on June 9 to help promote the domestic consumption of tra fish products, a major foreign currency earner that has been hit hard by impact of the COVID-19 outbreak.
VOV.VN - Vietnam’s exports of cassava and cassava-based products suffered a remarkable drop during the first five months of the year, according to the Ministry of Agriculture and Rural Development.
Vietnam exported 32,000 tonnes of peppercorn worth 80 million USD in April 2019, up 19.3 percent in volume but down 6.4 percent in value compared to the same month last year.
The Vietnamese rubber industry enjoyed robust growth in exports but experienced a fall in export prices in the first two months of 2019.
Despite the negative impacts of the US-China trade war on the global market, Vietnam is expected to see a new record in trade turnover this year, thanks to a rise in both exports and imports, given surging domestic production and export prices.
Industry insiders say unhealthy competition has led to low prices and higher consumption, resulting in a shortage of raw cashews to process.
VOV.VN - An estimated 452,000 tons of rice were shipped overseas in May, bringing the total export volume for the first five months of 2018 to 2.66 million tons, worth US$1.45 billion, up 13.9% in volume and 40% in value against the same period last year.
The rice price in the Mekong Delta has increased in the last couple of weeks, which has resulted in higher export prices.
The Vietnamese banana industry has seen a relatively sharp increase in export prices since early this year due to surging demand on international markets.
Vietnam’s mining industry is facing more difficulties this year due to lower export prices, unfavorable mining conditions and higher costs, according to the Ministry of Industry and Trade.
Despite cement exports forecast to be lower than that of 2014, a supply-and-demand balance would be maintained thanks to increasing domestic demand.
The rice market is expected to continue gaining ground in export, as the Philippines plans to import a million tonnes in early 2016.
The total export turnover for the past five months hit nearly US$42.9 billion, representing a year-on-year increase of 24.1 percent, according to the Ministry of Industry and Trade (MoIT).
Rubber export prices have rocketed to a record high over the past two years to reach US$2,520 per tonne, an increase of nearly 88 percent from the same period last year, announced the Vietnam Rubber Association.