Higher price for tea exports offsets dip in volume
According to the Ministry of Agriculture and Rural Development (MARD), Vietnam exported 58,000 tons of tea worth approximately US$94 million during the first half of this year, down 8.7% in volume and 3.4% in value against the same period last year.
Major importers included Pakistan (accounting for 28.4% of market share), Taiwan (13.5%) and Russia (13.3%).
The MARD’s Agro Processing and Market Development Authority (AgroTrade) says saturation of the world market is one of the main reasons for the slowdown affecting Vietnam’s tea exports over the first months of the year.
However, the average export price increased 5.8% to US$1,631 per ton over the first half of the year, which shows a strong rise in the value of Vietnamese tea on international markets. To take advantage of this trend, tea production and export businesses must further invest in developing value chains, with more attention paid to food hygiene and safety, to improve the image of Vietnamese tea and raise its prestige on the international market.
On the domestic market, the price of tea remained stable throughout June.
The AgroTrade says there are no signs to indicate that there will be any sharp fluctuations in the price of tea into July and the later months of the year.
Related News
Why director of Saigon Port Import-Export and Services JSC suspended from exit?
09:56 | 18/05/2024 Anti-Smuggling
Footwear faces concerns about new regulations in export markets
14:39 | 15/05/2024 Import-Export
Positive economic transformations in four months
16:11 | 15/05/2024 Headlines
Latest News
Focusing on the "readiness" factor waiting for foreign investors in the high-tech field
20:14 | 18/05/2024 Import-Export
Exploiting the potential of Dong Nai's largest seaport
20:12 | 18/05/2024 Import-Export
Hanoi calls for investments in six urban areas projects
20:11 | 18/05/2024 Import-Export
The food industry aims to green packaging
09:56 | 18/05/2024 Import-Export
More News
"The key" to growth motivation for enterprises
09:55 | 18/05/2024 Import-Export
Exports of four localities achieve tens of billions of USD
20:26 | 17/05/2024 Import-Export
Rapid greening of the logistics sector to avoid being "eliminated"
20:24 | 17/05/2024 Import-Export
25 out of 28 northern localities report positive industrial production
20:22 | 17/05/2024 Import-Export
Dong Nai remains magnet for foreign investors
20:18 | 17/05/2024 Import-Export
Vietnamese steel affirms position in world market
20:16 | 17/05/2024 Import-Export
Five commodities worth billion dollar exported to China
07:40 | 17/05/2024 Import-Export
Promoting reforms and supporting businesses to spread farther
07:39 | 17/05/2024 Import-Export
Five groups of billion-dollar export commodities to China
09:58 | 16/05/2024 Import-Export
Your care
Focusing on the "readiness" factor waiting for foreign investors in the high-tech field
20:14 | 18/05/2024 Import-Export
Exploiting the potential of Dong Nai's largest seaport
20:12 | 18/05/2024 Import-Export
Hanoi calls for investments in six urban areas projects
20:11 | 18/05/2024 Import-Export
The food industry aims to green packaging
09:56 | 18/05/2024 Import-Export
"The key" to growth motivation for enterprises
09:55 | 18/05/2024 Import-Export