In the first nine months of 2022, the country shipped nearly 1.39 million tonnes of fertiliser worth 886 million USD abroad, soaring 45.4% in volume and 166% in value from a year earlier, according to the General Department of Vietnam Customs.

Fertiliser packages are loaded for export.

The surge in revenue was attributed to rising global export prices, which averaged 637.7 USD per tonne in the period under review, up 83% from the same period of 2021. Last year, the country earned 559 million USD from exporting 1.35 million tonnes of fertiliser, respectively up 64% and 16.4%.

After nearly one year of strong fluctuations in the global market due to political and economic uncertainties, fertiliser prices have shot up, and many Vietnamese producers have grasped this chance to promote overseas shipments.

Export prices posted sharp growth due to the Covid-19 pandemic in 2020 and 2021, and especially since the beginning of 2022 as a result of the Russia - Ukraine conflict, Dau tu noted.

Beside, as domestic demand stands at about 11 million tonnes each year while factories in Vietnam are licenced to produce over 29 million tonnes annually, businesses have been working to seek markets and boost exports.

The rise in export volume since the start of this year has also been fueled by China’s export reduction and Western countries’ sanctions against Russia – a leading fertiliser exporter in the world, the newspaper pointed out.

Vietnam issues nearly 4,600 planting area codes for export

Vietnam has issued 4,597 planting area codes for export activities in 54 provinces and cities, according the Ministry of Agriculture and Rural Development (MARD).

Loc Troi Group secures credit to boost high-quality rice exports

The Vietnamese rice exporter Loc Troi Group has signed a contract with seven commercial banks to secure credit to expand its high-quality rice cultivation areas for export.

Bac Giang exports various farm produce to the US

(BGO) – After years of negotiation, Toan Cau Food Import Export Joint Stock Company in Luc Ngan district (Toan Cau Food) (Bac Giang province) has successfully exported first batch of over 30 tonnes of soya bean to the US which brings happiness to local farmers because they now can expand the production to gain high income from this crop.

Enterprises supported to enhance export capacity through e-commerce

The Vietnam E-commerce and Digital Economy Agency (iDEA) held a conference on October 21 on enhancing enterprises’ export capacity through cross-border e-commerce.

Sweet potato to be officially exported to China

China is considering the import of Vietnam’s sweet potato via official channels, with its customs officers scheduling a virtual survey of growing areas and packaging facilities in Vietnam this week.

Source: VNA