Agricultural Material Imports Sharply Rise in 9 Months
Vietnam’s expenditure on agricultural material imports rose by between 20 per cent and 40 per cent in the past nine months of this year, the Ministry of Agriculture and Rural Development (MARD) said.
Surging prices of material imports and freights are the major reasons for the increase in import revenue, the ministry added.
Among the materials, import of animal feeds and animal feed materials took the lead with a sharp on-year rise of 54.4 per cent, hitting US$897 million.
Following is timber import with revenue reaching US$760 million in the nine-month period, a rise of 40 per cent from that of 2006. Biggest exporters include Malaysia, Laos, China and Cambodia.
Import revenue of fertilizer also surged by nearly 20 per cent to US$622 million, while import volume rose by only 8.6 per cent to 61,000 tons. China remains the largest fertilizer supplier of Vietnam, occupying nearly 50 per cent.
Vietnam is estimated to import US$257 million worth of pesticide in Jan-Sept period, up 18.5 per cent against that of last year.
Meanwhile, import of milk and dairy products was US$298 million in Jan-Sept, an on-year rise of 19.8 per cent, thanks to the government’s tax reduction. (Vietnam & World Economy, GSO Sept Edition)
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