To reach the 2024 agricultural export target of 54 – 55 billion USD, setting many new records in export turnover in a number of key products, the agricultural sector and businesses need to focus on investing heavily. for deep processing.
Optimistic growth signals
In the first months of 2024, many Vietnamese businesses have had a series of orders to export agricultural products to major markets.
For example, Nafoods Group Joint Stock Company, this enterprise exported 1,300 tons of fresh fruit materials to foreign markets in January 2024; Of which, concentrated passion fruit production accounts for 60% and NFC passion fruit (juice) accounts for 30%.
Industrial Business Director of Nafoods Group Joint Stock Company Ho Thi Loan shared that passion fruit exports will bring high value in 2024 when prices are constantly increasing again with the price of processed lemons ranging from 10,000 – 11,000 VND. VND/kg. The reason is that domestic and world businesses have a need to expand production, as well as lemon market demand in China, Thailand, and Laos increased sharply at the beginning of the year.
Similarly, rice products are also expected to have a successful year, when signals from all markets are very positive. Right from the beginning of 2024, rice export businesses have received many orders.
Chairman of the Board of Directors of Trung An High-Tech Agriculture Joint Stock Company Pham Thai Binh said that the price of Vietnam’s 5% broken rice is currently over 600 USD/ton. In 2024, Vietnam’s minimum rice export volume may be the same as in 2023, but the value is certainly 10-15% higher. Therefore, in 2024, rice export turnover is expected to reach over 5 billion USD.
Commenting on the export rice market, Deputy Director of the Department of Quality, Processing and Market Development (Ministry of Agriculture and Rural Development) Le Thanh Hoa analyzed: although, the price of rice still depends largely on whether India has Consider lifting the ban on rice exports, but the price of this commodity in 2024 may still be high.
According to the World Food Organization (FAO), the world is lacking about 5 million tons of rice. Currently, global rice inventories have decreased to just over 160 million tons. This is a great opportunity for Vietnamese rice products that businesses need to take advantage of to make a breakthrough.
Invest in deep processing to increase competitiveness
Experts recommend that in order for agricultural exports to reach higher values in 2024 and set new records in export turnover in a number of key products, the Vietnamese agricultural industry needs to focus on investing more. more about deep processing. This is considered a solution to improve competitiveness, build a professional product chain and create outstanding products, bringing higher value.
According to data from the Ministry of Agriculture and Rural Development, in January 2024, the total export turnover of agriculture, forestry and fishery products reached 5.14 billion USD, an increase of 79.2% over the same period in 2023; import 3.72 billion USD; Trade surplus of 1.43 billion USD increases more than 4.6 times over the same period in 2023.
Referring to deep processing solutions, Mr. Le Thanh Hoa recommended that processing enterprises need to constantly approach the trends and tastes of consumers, as well as the market to have new products to promptly respond. demand. Consumers are increasingly saving time, so convenient and easy-to-prepare products will receive more and more attention.
According to Ms. Kim Thu – expert from the Association of Seafood Exporters and Producers (VASEP), on the journey to overcome difficulties in 2024, shrimp products need to find ways to improve competitiveness, by choosing solutions to help Promote processing activities to increase added value.
Value-added processed shrimp products currently account for 40-45% of the total annual shrimp export value. The general processing level of shrimp exporting enterprises is also at a high level in the world. These are great competitive advantages for Vietnamese shrimp products.
From a business perspective, Chairman of the Board of Directors of Phuc Sinh Joint Stock Company Pham Minh Thong said that in order for Vietnam’s coffee and pepper industry to develop sustainably in the coming time, it is necessary to continue to invest strongly in processing. deep transformation.
“We need to look straight at the problem that we cannot always do business in a purely commercial manner, we need to build factories, invest in deep processing and focus on updating technology every year. Because that is the key point and advantage to help Vietnam export agricultural products of higher value.”
According to KTĐT.vn
