Update news farm produce
Positive signs of growth for cross-border e-commerce could enhance Vietnamese brand value.
It is expected that full-tax durian exports will bring billions of dollars for Vietnam in 2023.
China spends up to $13.5 billion to import fruits a year, but the market is now considered as fastidious as the US and Europe. If just one sweet potato is found stuck with soil, the whole consignment can be rejected.
In Vietnam, harvested farm produce is carried by "modified" tricycles and small boats to areas where it is placed on the floor before being put into cold storage facilities, leading to post-harvest losses.
Vietnamese farmers are now selling more products thanks to e-commerce platforms.
Export companies have been warned that if they commit trade fraud, farm produce to China will be blocked.
A Vietnamese enterprise once had to pay compensation for an entire consignment of products to the Japanese partner after a few hairs were found in some packages of products.
Dislodged from supermarkets, Vietnam’s fruits are being displayed at sidewalk shops and sold by street vendors.
Vietnamese are no longer turning their back on Chinese fruits but are queueing up to buy more imported fruit.
Contrary to all predictions, food prices have remained high despite the sharp fall of gasoline prices.
Just within six months, Vietnam spent nearly $900 million to import vegetables and fruits. The products are piling up at supermarkets and online markets at surprisingly low prices.
The Government Office yesterday released Document No.4679/VPCP-KTTH about the direction of Deputy Prime Minister Le Minh Khai on stabilizing the prices of pork and animal feed, which have increased significantly lately.
The nation has high hopes of developing a modern and sustainable farm produce processing system, thereby transforming the country into one of the world’s top 10 agricultural processing hubs by 2030
Eleven Vietnamese fruits have been allowed to be exported to China through official channels. However, Chinese consumption decreased during the pandemic, and, as a result, Vietnam’s exports to the market fell by $400 million in H1.
The Government would push for greater mechanization in agricultural production.