AGRO-FORESTRY-FISHERY EXPORTS SHOW MIXED TRENDS IN SEPT

Workers process tra fish fillets at a seafood plant in Vietnam -PHOTO: ARCHIVES

HCMC – Domestic and global markets for Vietnam’s agriculture, forestry, and seafood products experienced mixed movements in September, with exports of fruits and seafood showing strong growth, while rubber, and coffee came under price pressures.

According to the Ministry of Industry and Trade’s online portal, after surging at the beginning of the month, global rubber prices fell sharply by month-end amid peak harvesting in Southeast Asia. In China, natural rubber prices dropped 5.6% to 14,490 yuan per ton. Over the first nine months, Vietnam exported 1.3 million tons of rubber worth US$2.32 billion, up 10.8% in value compared to the same period last year. However, its market share in China declined from 17.9% to 13.8%.

The global coffee market also recorded significant declines at the end of September due to fund sell-offs and supply pressure from new crops in Vietnam and Brazil. London Robusta prices fell 12.8% from early September, reaching US$4,201 per ton. Despite this, Vietnam’s coffee exports in the first nine months totaled 1.23 million tons, valued at US$6.98 billion, up 61.4% in value. Notably, processed coffee exports reached US$1.18 billion, up 63.5%.

Fruit exports in September reached US$1.4 billion, up 47.2% from August and 52.7% year-on-year. Durian remained the top export, while other fruits such as bananas, mangoes, jackfruit, lychees, and passion fruit also saw strong growth.

Vietnam’s seafood sector continued its upward trajectory, with exports in the first eight months rising 6.2% in volume and 13.5% in value. Shrimp and tra fish remained key export products, while tuna prices were more volatile.

Source: The Saigon Times