Agro-fishery exports drop 3.1% in Jan
Agro-fishery exports drop 3.1% in Jan
Agro-forestry-fishery exports are estimated to yield US$2.33 billion in January, an annual decrease of 3.1 per cent.
According to the Ministry of Agriculture and Rural Development (MARD), major farm produce shipped overseas brought home $1.16 billion in revenue, up 2.8 per cent year-on-year.
Rice exports saw the highest growth with 495,000 tonnes sold for $218 million, increasing 56.7 per cent in quantity and 46 per cent in value from the same period in 2015.
Cashew exports also did well with 24,000 tonnes worth $183 million shipped overseas in the first month of the year, gaining 9 per cent in quantity and 15.6 per cent in value.
Peppercorn exports fell by 30.2 per cent compared to January last year to an estimated 7,000 tonnes. Revenue reached $67 million, down 31.5 per cent.
The value of coffee and rubber products exported continued to drop despite larger shipments.
While the overall export turnover of agricultural produce rose, the figures for forestry and fishery products dropped.
Aquaculture exports were approximately $455 million, a decline of 8.8 per cent from the same period last year. Forestry goods recorded export revenue of almost $520 million, falling 15.1 per cent.
In 2015, agro-forestry-fishery export revenue reached $30.45 billion, just 0.2 per cent higher than the previous year.
