Ministry of Agriculture and Rural Development says that coffee exporting turnover for the first five months gains 776,000 tons and brings USD 1.1 billions, accounts for 42% the total value of exported agricultural products. It is nearly twice as much as rice exporting turnover. This is the first agricultural article whose the value of exporting turnover is over USD 1 billions.
 

According to Ministry of Agriculture and Rural Development, agricultural and forest products in May grow rapidly especially pepper, coffee and wooden furniture. Thanks to this, exporting turnover of agricultural and forest products for the first 5 months reaches USD 3.7 billions, increases nearly 30% year on year.

In only 5 months, agricultural and forest products exporting turnover gains USD 765 millions, increase 20%, in which agricultural products are USD 546 billions, increased by 17% and forest products gains USD 203 millions increased by 21%.

Coffee makes the strongest impression. Exporting turnover for the first five months of this article is 776,000 tons, equivalent to USD 1, 1 billions, accounts for 42% the total value of exporting agricultural products, is nearly twice as much as rice exporting turnover. This is the first agricultural product have exporting turnover of over USD 1 billions.

The reason for that rapid growth of coffee exporting turnover is that the price of coffee keeps at high level and raises quickly in the recent months, especially in the last days of May. Rising of exporting price makes good condition for the prosperity of coffee this year.

Meanwhile, in five months, exports of the country gain over 1.8 millions tons of rice, turnover gets nearly USD 580 millions year on year, decreased by 21% in terms of quantity and 9% in terms of value. The main reason is that at that time, charter is very difficult, seaway freight soars up and in addition, the weather is not good for loading cargo on board. All of them affect the result of exporting rice.

According to Vietnamese Food Association, rice price in the Mekong river delta is still very high, over or under 2,950 VND per kg depending on locals and moisture. Exporting finished rice levels off depending on types and locals. Rice with 5% broken rice without packing currently is from 4,600 to 4,620 VND per kg, 10% broken rice is from 4,500 to 4,550 VND per kg, 15% from 4,450 to 4,500 VND per kg and 25% broken rice is 4,250 to 4,300 VND per kg.

Because rice price is high, one trader says that almost buyers turn back to Thailand market. He predicts that the limited supply in Vietnam will increase the price.

Exporting wooden products gains 937 millions dollars increased by 21% year on year.

Furthermore, rubber products get the turnover of USD 433 millions (increased by 8%), cashew nuts reach 197 millions US dollars (increased by 12, 5%).

After cashew nuts exporting price plummeted from USD 5,000 to USD 4,000 per ton in the last months of 2005, now the price stays at 4,000 US dollars per ton. Recently, cashew nuts exporting price has been on the tendency to bounce back: increased by 2% year on year, gains 4,137 US dollars per ton.