Việt Nam had a good year for rice export in 2023 but there are limitations which must be tackled for the industry to go a long way.

This plan is a key priority for MXV during the 2023-2028 period, with the aim of developing the Vietnamese commodity trading market in accordance with international standards.

The Mercantile Exchange of Vietnam (MXV), the only national centralised commodity trading market organiser in Vietnam, has said that it will focus on building specialised commodity trading floors in the coming time.

The decision by the Customs Tariff Commission of the State Council of China to reduce tariff rates has been welcomed by all, setting the tone for a prosperous 2024 for South Africa's pride and joy

Since Jan 1 of this year, China has begun implementing provisional import tax rates lower than the most-favored-nation rate on 1,010 types of goods from foreign countries, with zero tariffs on some of them. The new rates cover 143 types of agricultural and industrial products from Argentina. The South American country's media recently reported that China's move has greatly benefited Argentine dairy products, seafood, sweet corn and other items.

The Indonesian Ministry of Maritime Affairs and Fisheries (KKP) has completed an agreement to reduce export tariff posts, from 9.6 percent to zero percent for four processed tuna commodities to Japan.

With many synchronous solutions, the decline in exports has increasingly narrowed in the second half of 2023, and the trade balance continues to maintain a surplus. These are also optimistic signs for 2024. Although the forecast is difficult, the baptism by fire in past year is expected to create a foundation for exports to make a breakthrough.

Vietnam has exported bird’s nests to China by air for the first time, which once again reflects opportunities for the bird’s nest industry to develop sustainably, especially after a protocol on bird’s nest export to China was signed.