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Agricultural product imports surge

The import value of agricultural products in the first nine months of this year saw a year-on-year rise of 10 percent to 13.6 billion USD, said the Ministry of Agriculture and Rural Development.
The import value ofagricultural products in the first nine months of this year saw ayear-on-year rise of 10 percent to 13.6 billion USD, said the Ministryof Agriculture and Rural Development.

Importers of cashew, fertiliser products and animal food have had a particularly successful year so far.

Rawcashew imports recorded a year-on-year surge of 78.1 percent in volumeto 495,000 tonnes and 67 percent in value to 466 million USD, including37,000 tonnes in September, worth 66 million USD.

Duringthe first nine months of this year, the imports of animal food productsexperienced year-on-year growth of 39 percent in value to 2.42 billionUSD from Argentina , India and the US .

Theincrease in animal food imports was due to rising demand on the localmarket, where the domestic production of those products is stillconfronted with many limitations, the ministry said.

In thefirst nine months of this year, Vietnam imported 1.33 milliontonnes of corn worth 431 million USD, an increase of 2.7 percent involume and 8.7 percent in value against the same period last year.

However,imports of some farming products saw reductions, including wheat,seafood and soybeans. The import volume fell 45 percent for wheat, 3.1percent for seafood and 0.7 percent for soybeans year-on-year.-VNA

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