Many agricultural products are in season and have good prices

According to statistics in the first 8 months of this year, agricultural products prices increased, many markets were expanded, and exports of these products reached 16.9 billion USD.

Accordingly, although from the beginning of 2023 there has been a negative impact of the EL Nino phenomenon, our country’s agricultural production situation is still very positive, with many seasonal agricultural products receiving good prices. Agricultural products that marked a major turning point with outstanding growth in the past 8 months include: rice, coffee, vegetables, durian, fresh coconut, sugarcane…

Key agricultural products are increasingly popular and have good prices on the world market. With trade connections and efforts in developing the agricultural and forestry industry, many of our country’s agricultural products are successfully exported to major markets such as the United States, China, Korea, Japan… This increases the value and quantity of products consumed, brings stability to the market, and creates the best stability for agricultural products.

Some examples of agricultural products with outstanding growth this year include wet rice. Rice prices increased and output also achieved high productivity. In 8 months, the average price reached 542 USD/ton, an increase of 11.5% over the same period in 2023.

The average export coffee price in 8 months also reached 2,455 USD/ton, up 8.5% over the same period last year. As of mid-August 2023, exports of this product reached 1.54 million tons, with an export turnover of 2.81 billion USD.