Vietnam’s coffee exports averaged $1,963 per ton in November, 2020, up 5.7% compared to October 2020 and up 11.2% over the same period in 2019
. In November, the export price of cashew nuts reached $6,207 per ton, up 3.5% compared to October but down 12.7% over the same period in 2019 for pepper, an increase of 3.6% over the previous month and increased by 8.1% over the same period last year.
The export price of rubber according to statistics also increased by 8.8% compared to October and increased by 15% compared to the same period in 2019.
Particularly for rice, in November 2020 was the commodity with the strongest increase in export price, reaching an average of 534 USD/ton, up 1% compared to October 2020 and up 16% compared to the same period in 2019. From the beginning of the year to November 2020, Rice is also the commodity with the strongest increase in export prices when the average price reached 496 USD/ton, up 13% over the same period in 2019. In the international market, the export price of rice Vietnam white 5% plate currently fluctuates at about 495 USD/ton – 500 USD/ton, higher than the export price of other countries in the region such as Thailand (475 USD/ton – 485 USD/ton) ) or India (366 USD/ton – 370 USD/ton).
According to information from the Ministry of Agriculture and Rural Development, Vietnam’s export turnover in November 2020 was estimated at nearly $3.7 billion, down 4.2% compared to October 2020. In which, the export value of main agricultural and forestry products was nearly equal to October, agricultural products reached about 1.6 billion USD, main forest products over 1.2 billion USD; seafood reached 800 million USD (down 12.9%) and livestock reached 33 million USD (down 11.5%). In general, with the export value of November, the export turnover of agricultural, forestry and fishery products is estimated at 37.42 billion USD, up 2.4% over the same period in 2019.
Up to now, there are 8 groups and products. exports reached over 1 billion USD; in which there are 7 groups and products with export value of over 2 billion USD.
According to the Ministry of Industry and Trade, Vietnamese goods are continuing to exploit exported markets and expand their search and develop new markets from taking advantage of new-generation free trade agreements such as CPTPP, EVFTA and the upcoming RCEP will have a positive impact on Vietnamese exporters.
The current time is a good opportunity for businesses to export goods, especially when the business community makes better use of opportunities from FTAs, which will be a positive factor promoting the export process.
Fe11/20 exports Vietnamese South Vietnamese coffeehouse 1.963 USD/00, so in the month 10/20-20 5-20%and compared to the year 20 improve 11,2,
Also in July 11, the export prices of the missing 6.207 USD/4,5-5-5-5-5-5-5-5, seven%plus five 2019 versus the top of the third and three years since since since since,
Public export prices in statistics are also increasing 8, 8% compared to months of 10 and 15%compared to the same five 2019.
Particularly for the grain of grain, in the 11/20 month is the highest rated export value to the 534 USD/1%1%month/20 and 20 and 16%at five at five years. The original year to Fe11/20 Brick is also the largest export prices when there’s the 496-496/13%% compared to the same year 2019. On the national market, the national market price of South-5-5-5-5-5-5-5-5-5-5-5-5-5-5-5-year-5-5-year-5-5-year-5)} higher than the other national export prices in a region like Thailand (475 USD/185-485 USD) or India (366 US6 USD/370-70).
According to the Additional Widow and Widow Widow, the allowance of a Vietnam month at the 11/20/20 estimate almost 3,seven billion USD, Depositions of the 800 million USD (12,9%and nurtured 33 million USD (miniature%). Assume the export value of the November, export alloy export export to 37,42 2 2 2 2,4%at the same five 2019.
As of the current time there have been 8 and export product on one billion USD; There’s 7 and the payload of export value on two billion USD.
According to the Vietnam Trading Administration Department, continue to exploit the markets that have been imported and widespread search, develop more markets from the use of the new world’s free businesses as CPTPP, EVFTA and almost RCEP is going to have a positive effect on Vietnamese export businesses.
Now, the timing is a good opportunity for export sales, especially when the business community is more useful than the opportunities from the FTA will be a positive factor which will motivate the conversion process.