Bắc giang
Vietnam becomes top banana supplier to China
Vietnam has surpassed the Philippines to become the largest banana supplier to China with a 40.7% market share in the first eight months.
China increased its imports from Vietnam by 19.6%, according to data from its customs department, while cutting its imports from the Philippines by 39.2%.
 |
|
Vietnamese bananas sold in China. |
Unfavorable weather and diseases reduced the Philippines’ banana output this year and pushed up prices, according to its Ministry of Industry and Trade.
This allowed Vietnamese exporters to claim a bigger share.
Aeon supermarkets in China earlier this year began selling only Vietnamese bananas and stopped stocking imports from the Philippines and Taiwan.
Some other retailers have also followed suit.
Exporters say Vietnamese bananas have reliable quality and quantity and competitive prices, with the country’s proximity to China helping reduce logistics costs.
Vietnamese companies have been trying to meet China’s strict quarantine standards, resulting in higher exports.
But there are also challenges in selling in China.
Vo Quan Huy, CEO of agriculture export firm Huy Long An, said banana prices there sometimes fluctuate hugely, with local produce flooding the market during harvest season and sending prices tumbling.
Vietnam recorded a trade surplus of 16.46 billion USD in agricultural, forestry, and aquatic products during the first 11 months of 2024, soaring 52.8% year on year, reported the Ministry of Agriculture and Rural Development.
BAC GIANG - Many entities with rated products under One Commune One Product programme (OCOP) in Son Dong district (Bac Giang province) continue to improve packaging, production lines, enhance product quality, expand sales "channels", especially exploiting digital platforms to bring products to market.
For the first time, Vietnam is showcasing its OCOP (One Commune, One Product) products at the prestigious AF-L'ARTIGIANO IN FIERA International Handicraft Fair 2024, held in Milan, Italy, from November 30 to December 8.
The wood sector expects to earn 15.5-16 billion USD from exports this year, given a nearly 21% growth rate to 13.18 billion USD in the first 10 months.
BAC GIANG - To improve the capacity of the forest rangers in managing, protecting and preventing forest fires, the agriculture sector in Bac Giang province has implemented many solutions, applied modern and smart technology which have effectively supported the functional forces in detecting and preventing risks to the forest.
Reader's comments (0)