The Ministry of Agriculture and Rural Development is seeking to create measures to tackle falling exports of major farm products, to assure it reaches its goal of US$30 billion in export revenues of the agro-forestry-fishery sector for 2016. — Photo doanhnhansaigon.vn

The Agro-Forestry, Seafood Processing and Salt Industry Department said early this week that prices of agricultural products from the beginning of this year were generally lower than in 2015, amid a slow recovery of the world economy. Droughts, coupled with salt intrusion, also severely impacted agricultural harvests.

Further, the heavy reliance on China for exports of agricultural products continues to be a threat, experts said.

Duong Phuong Thao, deputy director of the Import-Export Department under the Ministry of Industry and Trade (MIT), said that customs figures revealed that exports to China accounted for up to 30 per cent of total revenues.

"Any changes in the purchase policies of China will significantly impact agricultural production of Viet Nam," Thao said.

"It is important that the quality of agro-forestry-fishery products be improved," noted Thao.

In addition, farmers must be regularly updated with market information.

Regard seafood exports, Truong Dinh Hoe, general secretary of the Viet Nam Association of Seafood Exporters and Producers, said that exports of tra fish encountered significant difficulties due to weak market forecasts, resulting in oversupply, which pushed down prices.

Hoe said that the development of a national database about tra fish must be completed by the year end, together with enhancing the quality to ensure sustainable exports.

Deputy Minister of Agriculture and Rural Development (MARD) Tran Thanh Nam urged expanding trade promotions to expand export markets for the country's agricultural products.

Agro-forestry-fishery exports in the first seven months of this year touched US$17.8 billion, rising by 5.1 per cent over the same period last year.

Rice struggling

Rice was among the major farm products that saw significant declines in exports starting at the beginning of this year.

The MARD's statistics showed that in the first seven months of 2016, rice exports totaled 2.93 million tonnes, worth $1.32 billion, dropping by 18 per cent in volume and 14 per cent in value over the same period in 2015.

Experts said that Viet Nam was at risk of losing its position as the world's third largest rice exporter.

Bui Thi Thanh Tam, general director of the Viet Nam Northern Food Corporation, said that the drop in rice exports was largely due to China's tightened management of small trade and Viet Nam's difficulties in finding large contracts with traditional markets, such as the Philippines and Indonesia, coupled with competition from Thai and Cambodian rice.

Tam added that the Government's support in removing technical barriers and liberalising trade was needed to boost rice exports.

The largest existing problem was the failure in controlling quality, resulting in declines in rice exports, as several highly demanding markets reduced imports of Vietnamese rice, said Huynh The Nang, president of the Viet Nam Food Association.

Experts said that building the brand name of Vietnamese rice and enhancing quality had become pressing issues.

Nam said that the development of standards for Vietnamese rice must be completed as early as November.

The MIT was developing a strategy on rice markets for the 2016-20 period, with a vision to 2030, which would aim to bring the value of rice exports to $3 billion by 2017 and $3.5 billion by 2020, with average export volumes of some seven million tonnes per year.

The ministry will focus on expanding quality rice exports to markets which generated high added values, including Taiwan, Hong Kong, Malaysia, Singapore, United Arab Emirates, the US and Australia. — VNS