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Vietnam's Jan-May coffee exports to fall 13.1% y/y - govt data

Vietnam's Jan-May coffee exports to fall 13.1% y/y - govt data

Wednesday, May 29, 2019, 14:59 GMT+7
Vietnam's Jan-May coffee exports to fall 13.1% y/y - govt data
A woman checks coffee beans that are sorted by size at a coffee factory in Hanoi, Vietnam November 22, 2016. Photo: Reuters

HANOI, May 29 - Vietnam’s coffee exports in the first five months of 2019 would likely fall 13.1% from a year earlier to 767,000 tonnes, while rice exports would decline 5.3%, preliminary government data showed on Wednesday.

The country typically releases statistics data before the end of the reporting period and figures are revised later. COFFEE Coffee exports from Vietnam will likely fall an estimated 13.1% in the first five months of this year from a year earlier to 767,000 tonnes, equal to 12.78 million 60-kg bags, the General Statistics Office said in a report on Wednesday.

Coffee export revenue for Vietnam, the world’s biggest producer of the robusta bean, will likely decline 23% to $1.31 billion in the five-month period, the report said.

The country’s coffee shipments in May are estimated at 135,000 tonnes and valued at $220 million, it said. RICE Rice exports in the January-May period from Vietnam were forecast to fall 5.3% from a year earlier to 2.79 million tonnes. Revenue from rice exports in the period was expected to drop 20% to $1.19 billion.

May rice exports from Vietnam, the world’s third-largest shipper of the grain, totalled 700,000 tonnes, worth $297 million. ENERGY Vietnam’s January-May crude oil exports were seen rising 8.6% from the same period last year to an estimated 1.7 million tonnes.

Crude oil export revenue in the five-month period is expected to increase 1.4% to $879 million.

Oil product imports in the first five months of this year were estimated at 3.72 million tonnes, falling 34.8% from the same period last year, while the value of product imports fell 38% to $2.32 billion.

Vietnam’s January-May liquefied petroleum gas imports were seen rising 7.5% from a year earlier to 623,000 tonnes.

Reuters

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