Sunday,  Sep 20, 2020,19:17 (GMT+7) 0 0
2020 produce export target unchanged
The Saigon Times
Thursday,  Mar 26, 2020,10:12 (GMT+7)

2020 produce export target unchanged

The Saigon Times

Vietnamese mangoes being prepared for export at a Tien Giang-based firm. The target of exporting US$42 billion worth of farm produce this year, which was set in early 2020, will remain unchanged – PHOTO: TRUNG CHANH

HCMC – The target of exporting US$42 billion worth of farm produce this year, which was set in early 2020, will remain unchanged, according to the Ministry of Agriculture and Rural Development’s recent report on the impact of the coronavirus pandemic on the agriculture sector.

Despite the unchanged target, exports to some markets will be adjusted to make up for the American and European markets’ decline. Vietnam will ramp up its shipments of agricultural products to China by 10%, to Southeast Asia by 9% and to other markets by 9% versus the initial plan.

The ministry noted that the United States and the European Union may not revive their economies until June or July after they bring the coronavirus pandemic under control, Nguoi Lao Dong newspaper reported.

Meanwhile, Japan’s and South Korea’s economies may recover after June, but their import volume of Vietnamese farm produce will not be high.

As for the Chinese market, it has started to return to normal as Covid-19, the disease caused by the coronavirus, has been brought under control there. In April, the country’s demand for food is expected to rise, creating opportunities for Vietnam’s farm produce exports.

In the first half of March, over 620 containers bearing 15,150 tons of farm produce and seafood were shipped to China through the Mong Cai border gate in Quang Ninh Province.

This is a positive sign for the purchase of Vietnamese products, including farm produce, the ministry said, adding that the Chinese market will be the main buyer for Vietnamese agricultural products this year.

The ministry also told local food processors to enhance their production and ensure an adequate supply for the local and international markets after the disease has run its course.

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