In 2011 Vietnam’s vegetable oils industry increased its export volume by 50 percent and its export value was up by 51 percent compared to the previous year, announced the Ministry of Industry and Trade.

 

The country exports vegetable oils mainly to Cambodia, China and Australia.

To gain this result, businesses dealt with numerous challenges such as fluctuated prices of input materials and difficulties forecasting production trends, noted the Vietnam Vegetable Oils Industry Corporation.

Besides, the packing price increased 32 percent, driving up export prices, and high interest rates also effected businesses’ profits.

 

(VOVNEWS)