November 6, 2024 | 06:18 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

Entry into the 2,500 billion USD Halal food market: From wild tree to billion-dong export product

Entry into the 2,500 billion USD Halal food market: From wild tree to billion-dong export product

(VAN) Several years ago, after the Vietnam Young Businessmen Association visited agricultural production models in Japan and Israel, Tan left his job to high-tech agricultural production with centella being the main product.

Vietnam leads in exporting fish filets and processed fish to Singapore

Vietnam leads in exporting fish filets and processed fish to Singapore

(VAN) Ranking 5th among the largest seafood exporters to Singapore, Vietnam leads in frozen fish filets and processed fish products.

Chinese market: 'Trump card' in fruit export

Chinese market: 'Trump card' in fruit export

(VAN) Vietnam's fruit export turnover to China is increasing and is estimated to reach approximately USD 5 billion in 2024.

Argentina soy crop sees upswing but challenges ahead

Argentina soy crop sees upswing but challenges ahead

(VAN) Soybean production is estimated at 52 million tonnes, up from 49.5 million tonnes last harvest.

Poultry business update: What did you miss this October?

Poultry business update: What did you miss this October?

(VAN) We’re keeping our finger on the pulse and bring you a summary of the latest business updates from the global poultry industry this October...

Entry into the $2,500 billion Halal market: Positioning Vietnam as a link in Halal value chain

Entry into the $2,500 billion Halal market: Positioning Vietnam as a link in Halal value chain

(VAN) The Prime Minister has established the goal of establishing Vietnam as a critical destination on the global Halal map and as a critical link in the Halal value chain for the Halal industry.

Chinese market: accessible but challenging

Chinese market: accessible but challenging

(VAN) Chinese consumers demand significantly for agricultural products in general and fruits in particular; however, meeting the market requirements is challenging.

Read more