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Vietnam Jan-Sept coffee exports likely fell 12% y/y - govt

Sunday, September 29, 2019, 09:20 GMT+7
Vietnam Jan-Sept coffee exports likely fell 12% y/y - govt
A man holds up coffee beans above a basket for roasting at a coffee shop in Hanoi in this August 7, 2012 file photo. Photo: Reuters

Vietnam’s coffee exports in the first nine months of the year likely fell 12% from a year earlier to 1.27 million tonnes, while rice exports likely rose 4.5%, government data released on Saturday showed.

Coffee

Coffee exports from Vietnam are expected to fall an estimated 12% in the first nine months of this year from a year earlier to 1.27 million tonnes, equal to 2.11 million 60-kg bags, the General Statistics Office (GSO) said on Saturday.

Coffee export revenue for Vietnam, the world’s biggest producer of the robusta bean, will likely decline 20.7% to $2.18 billion in the nine-month period.

The country’s coffee shipments in September are estimated at 100,000 tonnes, valued at $175 million.

Rice

Rice exports in January-September are forecast to increase 4.5% from a year earlier to 5.1 million tonnes.

Revenue from rice exports in the period is expected to drop 9.7% to $2.21 billion.

September rice exports from Vietnam, the world’s third-largest shipper of the grain, likely totalled 520,000 tonnes, worth $222 million.

Energy

Vietnam’s January-September crude oil exports were seen rising 2.6% from the same period last year to an estimated 2.93 million tonnes.

Crude oil export revenue in January to September is expected to fall 8.6% from a year earlier to $1.51 billion.

Oil product imports in the first nine months were estimated at 6.483 million tonnes, up 117.7% from the same period last year, while the value of product imports increased 95.7% to $3.05 billion.

Vietnam’s January-September liquefied petroleum gas imports were seen rising 22.8% from a year earlier to 1.364 million tonnes.

The GSO trade data is subject to revision next month.

Reuters

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