Tuesday, January 31, 2012
Exports of agricultural products in Vietnam continue to be stable in 2012
Accordingly, while both volume and value were impacted by world market movements in 2011, exports of agricultural products are forecast to be stable this year.
For rice exports, MARD expects that the volume of exported rice in 2012 will be around 6.8-7.3 million tonnes.
Rice export volume is forecast to drop in the world’s two largest rice markets of Vietnam and Thailand in 2012. Specifically, Vietnam will see a reduction of 300,000 tonnes in volume of rice for export while Thailand’s volume will decrease by about 2.5 million tonnes.
The volume of rice to some major importers in the world is also forecast to fall sharply. In particular, rice imports of Indonesia will reach 1 million tonnes this year, much lower than the 2.77 million tonnes in 2011.
For coffee exports, MARD forecast that export turnover will only reach more than US$2 billion in 2012. This is due to a reduction trend in world prices and predicted domestic output lower than last year.
For rubber exports, according to forecasts by MARD, the volume in 2012 will likely reach more than 880,000 tonnes, higher than the 846,000 tonnes of 2011. However, the figure is only equivalent to a value of more than US$2.1 billion.
According to MARD, rubber demand is expected to continue to rise in 2012. Demand for synthetic rubber increased 5 percent in 2011 and will rise 9 percent in 2012. Demand for natural rubber saw a slower increase of 3.8 percent in 2011 and will rise 5.4 percent in 2012.
For cashew exports, MARD forecast the volume of cashew nuts for export in 2012 will reach more than 200,000 tonnes with a value of US$1.75 billion, up from 178,000 tonnes and US$1.5 billion, respectively, in 2011.
Other agricultural products such as tea and seafood products are forecast to continue to be stable and even rise in 2012. In particular, according to MARD, tea exports in 2012 will likely see a rise in volume to an estimated 140,000 tonnes (from 131,000 tonnes last year) but a slight decrease in value to US$190 million (US$198 million last year).
Seafood exports in 2012 will continue to increase to an estimated US$6.6 billion in export turnover, up from US$6.1 billion in 2011.
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