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Update news the US market
With a growth rate of 34 percent, or $10.9 billion, Vietnam has jumped from 12th to 7th among the leading suppliers to the US market.
The domestic catfish price has fallen to a 2-year low, while Vietnam’s shrimp now has to compete fiercely in prices with rivals, including Thailand and India.
VietNamNet Bridge - Farmers in Hanoi have had to throw away hundreds of tons of radishes because of slow sales, reflecting the weakness in Vietnam’s cold supply chain.
VietNamNet Bridge - Vietnam is well known for its tropical fruits, but it has to meet many strict requirements by importing countries in order to export its fruit.
VietNamNet Bridge - The US has decided to impose new anti-dumping duties on Vietnam’s shrimp, five times higher than previous years and two to three times higher than duties imposed on Vietnam's competitors.
VietNamNet Bridge - Travel firms that target the US market are concerned about changes in visa fees applied to travelers from the US.
Bad news has come in thick and fast to Vietnamese farmers and farm produce exporters.