November 25, 2024 | 22:27 GMT +7

  • Click to copy
Saturday- 11:35, 09/10/2021

Price of processed vegetables and fruit exporting to Russia up nearly 33%

(VAN) Vietnam’s processed vegetables and fruit exporting to Russia as of 2021 July had a remarkable rise in value, thanks to the high increase of all criterias in this market.
 

According to the Federal Customs Service of Russia, in the first 7 months of this year, Russia has imported 599,000 tons of vegetables and fruits, valued up to US$ 746.4 million, increased 11.8% in volume and 15.1% in value in comparison to the same period last year.

The average import price of processed vegetables and fruits reached US$ 1,246.0 per ton, up 2.9% over the same period in 2020.

Most of processed fruits and vegetables import of Russia are from China. However, the volume and value of imports from China decreased in the first 7 months of 2021, were at 119,000 tons and US$ 110.9 million, down 15% in volume and down 12% in value over the same period in 2020.

The average import price of processed fruits and vegetables from China remained low at US$ 935.2 per ton, however, it was up 3.6% over the same period in 2020.

Vietnam is the sixth largest market providing processed fruits and vegetables for Russia, accounting for 5% of total imports of the country.

In the first 7 months of this year, Vietnam's processed vegetables and fruits imported to Russia reached 30,000 tons, valued more than US$ 30 million, up 13.8% in volume and 51.2% in value.

The value of processed vegetables and fruits imported from Vietnam to Russia increased sharply as above and had a much higher increase pace than the growth in volume thanks to a sharp increase in import prices.

In the first 7 months of this year, the average import price of processed fruits and vegetables from Vietnam to Russia was US$ 1,011.2 per ton, up 32.8% over the same period in 2020.

According to the Department of Imports and Exports (Ministry of Industry and Trade), Vietnam is the first partner to sign the Free Trade Agreement with the Eurasian Economic Union. Under this agreement, nearly 90% of tariff lines are being cut or reduced, of which 59,3% removed.

This is a good opportunity for Vietnamese exporters, including processed fruits and vegetables, which are Vietnam's strong export products to Russia.

Author: Son Trang

Translated by Khanh Linh

Seafood is Ireland’s second largest food export to Vietnam, after dairy

Seafood is Ireland’s second largest food export to Vietnam, after dairy

(VAN) Vietnam Agriculture Newspaper (VAN) had a discussion with Ms. Pippa Hackett, Minister of State at Ireland's Department of Agriculture, Food and the Marine about the country's seafood sector.

Russian farmers ditch wheat for other crops after heavy losses

Russian farmers ditch wheat for other crops after heavy losses

(VAN) Russian farmers say they will sow less wheat after heavy losses this year, switching to more profitable crops such as peas, lentils, or sunflowers.

Egg prices are going even higher. This time it’s avian flu and the holidays

Egg prices are going even higher. This time it’s avian flu and the holidays

(VAN) Egg prices have risen steadily over the past two years. A spike in avian flu and the approaching holiday season are combining to make the problem even worse.

Global Avocado Summit 2024 focuses on export markets

Global Avocado Summit 2024 focuses on export markets

(VAN) The Global Avocado Summit 2024, organized jointly by the Chilean Avocado Committee and Yentzen Group, drew a full crowd.

With globalization dying, what comes next?

With globalization dying, what comes next?

(VAN) Climate variability is adding another layer of complexity to the global grain market, with major growing regions affected by extreme weather patterns.

IGC sees global grain stocks tightening

IGC sees global grain stocks tightening

(VAN) In its monthly grain market report, released on Nov. 21, the IGC revised total grains ending stocks lower by 8 million tonnes, to 576 million, a 3.5% decrease from the previous year.

How to escape the 'cheap price trap' for tea exports?

How to escape the 'cheap price trap' for tea exports?

(VAN) Vietnam's tea industry, one of the top five tea-exporting countries in the world, is facing a concerning reality as the average export price of Vietnamese tea is only 67% of the global tea price.

Read more