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Vietnam to see revenue from farm exports down 7.3 pct in first 5 months: statistics

Xinhua, May 26, 2015 Adjust font size:

Vietnam is likely to see a 7.3-percent decrease in revenue of exports of farm products in the first five months of 2015, according to statistics by Vietnam's Ministry of Agriculture and Rural Development on Tuesday.

During the five-month period, Vietnam is estimated to rake in over 11.4 billion U.S. dollars from farm exports. Of the total figure, export of major agricultural products is likely to bring in over 5.62 billion U.S. dollars, forestry products nearly 2.7 billion U.S. dollars, and fisheries products nearly 2.42 billion U. S. dollars, state-run radio Voice of Vietnam (VOV) quoted the ministry as saying on Tuesday.

The country witnesses growth only in forestry export with seven percent year-on-year, while exports of agricultural and fisheries products go down by 7.4 percent and 17 percent, respectively, said the ministry.

The decrease in export value during the period is blamed partially on the reduction in export volume of several major products.

Specifically, the five-month rice export volume is likely down by 11.4 percent year-on-year, while that of coffee, tea and pepper drops by 39.4 percent, 2.5 percent and 21.1 percent, respectively.

Besides, declining average export prices of rice and rubber, among others, also attributed to the decrease of export value during the period, assessed the ministry on its website.

From January to April, average export price of rice decreased by 4.27 percent, while that of rubber down by 27.84 percent. Endi