Sunday, October 6, 2024 4:40:22 PM - Markets open
VN-INDEX 1,270.60 -7.50/-0.59%
HNX-INDEX 232.67 -0.68/-0.29%
UPCOM-INDEX 92.37 -0.31/-0.33%
Favourable conditions in place for stronger fruit exports
vietnamnews - 7/8/2024 4:47:58 PM
 (0 ratings. You must sign in to rate.)
The exports of fruits and vegetables brought home US$3.4 billion during the first half of 2024, surging 28 per cent year on year.
 
 
Durian, dragon fruit, banana and longan are major contributors to fruit exports growth. — VNA/VNS Photo Hữu Chí
 
Fruit and vegetable exports are forecast to continue going smooth in the time ahead thanks to abundant domestic supply and foreign markets’ growing demand.
 
The exports brought home US$3.4 billion during the first half of 2024, surging 28 per cent year on year, reported the Ministry of Agriculture and Rural Development (MARD).
 
The Việt Nam Fruit and Vegetable Association (VINAFRUIT) said durian, dragon fruit, banana and longan were major contributors to exports growth. Shipments to key markets also increased 10-50 per cent from the same period last year.
 
China, Thailand, and the Republic of Korea (RoK) remain large importers, with their purchases from Việt Nam up 30 – 60 per cent year on year by the end of May. China alone imported about $1.7 billion worth of Vietnamese fruits and vegetables in five months, soaring 33 per cent.
 
Predicting the continuation of smooth fruit and vegetable exports, VINAFRUIT explained that domestic supply is abundant while demand in both traditional and potential markets is on the upward trend.
 
In particular, such produce as durian, dragon fruit, pineapple, watermelon, mango, and longan are entering the main harvest season, which will contribute even more to sales to China, the largest market at present.
 
The association noted that the peak durian harvest season in the Central Highlands - the biggest area of this fruit in Việt Nam - is in September and October. Meanwhile, the country posted record durian exports in the same period last year because the fruit from Thailand ran out of stock.
 
The impact of El Nino has led to a nosedive in the global dragon fruit output this year. Supply from Mexico and South America for Europe and North America has shrunk but prices increased sharply due to a lean harvest. This is a chance for Việt Nam to dominate those markets.
 
To improve dragon fruit quality, the south-central province of Bình Thuận approved a programme on dragon fruit production following the Vietnamese Good Agricultural Practices (VietGAP), planning to expand the area adopting the standards to 10,500ha by the end of 2024.
 
The Mekong Delta province of Tiền Giang is also boosting intensive dragon fruit farming for export, which now covers almost 8,600ha in such districts as Chợ Gạo, Gò Công Tây and Gò Công Đông.
 
This year, northern Bắc Giang province, the largest lychee cultivation area in Việt Nam, has seen the output plummeting by over 50 per cent from 2023, but revenue is still higher than last year’s thanks to good prices.
 
VINAFRUIT attributed this result to the highest-ever fruit quality thanks to farmers’ better application of scientific and technical advances and experience, along with authorities’ active preparations such as stepping up trade promotion activities with domestic and foreign partners and enhancing ties with the administrations of border localities to facilitate shipments.
 
Bắc Giang is currently home to 29,700ha of lychee trees, including 15,600 following VietGAP standards and 82ha following GlobalGAP standards. It exports about 24,785 tonnes of this fruit in 2024, equivalent to nearly 29 per cent of total output, mainly to China and some others like the EU, Japan, Australia, the US and Canada.
 
MARD said the formation and granting of production and packaging unit codes have also helped improve the reputation of Vietnamese farm produce. So far, as many as 7,558 production unit codes and 1,558 packaging unit codes have been granted. — VNS
 
Read original article here
Newer News
05/10 Agro-forestry-fisheries exports rise 21 per cent in last nine months
05/10 Ben Tre to unlock potential for investment attraction
05/10 Vietnam pledges best conditions for French Business Confederation's members: top leader
05/10 Budget revenue from import-export activities up 13.5%
04/10 Vietnam hotel market enjoys robust growth: Savills Hotels
04/10 Foreign investment surpasses $24.78 billion in nine months
04/10 Domestic steel prices set to rebound in Q4 amid easing pressure from Chinese market
04/10 India initiates anti-dumping investigation into Vietnamese calcium carbonate filler masterbatch
04/10 Positive signals for exports in remaining months of 2024
03/10 Enhancing connections critical to exploiting FTAs: seminar
Older News
08/07 Vietnamese rice export prices stay high in H1
08/07 Southeast key economic region enjoys strong growth in exports
08/07 AI tools important to achieve Vietnam's global competitiveness
08/07 DPPA promotes competitive electricity market development in VN
08/07 VN steel industry sees a positive growth trend
08/07 Work starts on Quang Tri airport project
08/07 Da Nang city urges investment from Japan
08/07 Enterprises urged to further engage in ESG criteria
05/07 Hanoi rolls out measures to accelerate H2 growth: official
05/07 Manufacturing business sentiment to rise
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:00 PM
VN-INDEX 1,270.60 -7.50/-0.59%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.