JavaScript is off. Please enable to view full site.

Vietnam Jan-Aug coffee exports likely fell 10.3% y/y: govt

Vietnam Jan-Aug coffee exports likely fell 10.3% y/y: govt

Thursday, August 29, 2019, 14:06 GMT+7
Vietnam Jan-Aug coffee exports likely fell 10.3% y/y: govt
A woman checks coffee beans that are sorted by size at a coffee factory in Hanoi, Vietnam November 22, 2016. Photo: Reuters

Vietnam’s coffee exports in the first eight months of the year likely fell 10.3% from a year earlier to 1.19 million tonnes, while rice exports likely rose 0.1%, government data released on Thursday showed.

Coffee exports from Vietnam are expected to fall an estimated 10.3% in the first eight months of this year from a year earlier to 1.19 million tonnes, equal to 19.8 million 60-kg bags, the General Statistics Office (GSO) said on Thursday.

Coffee export revenue for Vietnam, the world’s biggest producer of the robusta bean, will likely decline 20% to $2.03 billion in the eight-month period, the GSO said.

The country’s coffee shipments in August are estimated at 130,000 tonnes, valued at $220 million, it said.

Rice exports in January-August are forecast to increase 0.1% from a year earlier to 4.53 million tonnes.

Revenue from rice exports in the period is expected to drop 14.2% to $1.96 billion.

August rice exports from Vietnam, the world’s third-largest shipper of the grain, likely totalled 580,000 tonnes, worth $252 million, the GSO said.

Vietnam’s January-August crude oil exports were seen rising 0.9% from the same period last year to an estimated 2.68 million tonnes.

Crude oil export revenue in January to August is expected to fall 6.5% from a year earlier to $1.4 billion.

Oil product imports in the first eight months were estimated at 5.57 million tonnes, up 106.3% from the same period last year, while the value of product imports increased 87.8% to $2.639 billion.

Vietnam’s January-August liquefied petroleum gas imports were seen rising 16.4% from a year earlier to 1.14 million tonnes.

The GSO trade data is subject to revision next month.

Reuters

More

Read more

;

Photos

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Latest news