HANOI, Vietnam — The value of Vietnam’s exports of agricultural, forestry and fishery products in January is estimated to witness a year-on-year decrease of 1.4 percent. This was stated by the Ministry of Agriculture and Rural Development.
Major farming products saw a year-on-year reduction of 1.7 percent.
The local coffee industry did not maintain its growth of last year in the first month of this year, with the sector witnessing a fall in export volume and value in January.
Exports dropped by 25.5 per cent in volume to 127,000 tonnes and 3.6 per cent in value to $287 million against the same period last year.
Strong declines were also recorded in the export value of other farm products, such as tea, cashew nut, pepper and cassava.
The country earned $16 million from exporting 11,000 tonnes of tea in the period, reducing by 3.6 per cent in volume and 8.6 per cent in value compared with January last year.
The export of cashew nut saw a sharp decrease of 20 per cent in volume but just a slight drop of 4.4 per cent in value due to the high level of export price.