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Vietnam's H1 coffee exports increase 3.7%, rice up 5.6%

Vietnam's H1 coffee exports increase 3.7%, rice up 5.6%

Monday, June 29, 2020, 09:57 GMT+7
Vietnam's H1 coffee exports increase 3.7%, rice up 5.6%
A woman fills a plastic bag with rice from a 24/7 automatic rice dispensing machine 'Rice ATM' during the outbreak of the coronavirus disease (COVID-19), in Ho Chi Minh, Vietnam, April 11, 2020. Photo: Reuters

HANOI — Vietnam’s coffee exports in the first half of this year are expected to have increased 3.7% from a year earlier to 955,000 metric tons, and rice exports are seen up 5.6%, government data released on Monday showed. 

Coffee exports from Vietnam likely increased an estimated 3.7% in the first half from a year earlier to 955,000 metric tons, equal to 15.9 million 60-kg bags, the General Statistics Office said in a report on Monday. 

Coffee export revenue for Vietnam, the world’s biggest producer of the robusta bean, likely increased 2.5% to $1.61 billion in the six-month period, the report said. 

The country’s coffee shipments in June were estimated at 140,000 metric tons valued at $237 million, it said. 

Rice exports in the first half of this year from Vietnam were forecast to have increased 5.6% from a year earlier to 3.5 million metric tons. 

Revenue from rice exports in the period was expected to show a surge of 19.3% to $1.73 billion. 

June rice exports from Vietnam, the world’s third-largest shipper of the grain, totaled 450,000 metric tons, worth $228 million. 

Vietnam’s first-half crude oil exports were seen rising 24.6% from the same period last year to an estimated 2.5 million metric tons. 

Crude oil export revenue in January to June is expected to show a fall of 30.3% to $621 million. 

Oil product imports in the first half were estimated at 6.35 million metric tons, up 46.7% from the same period last year, while the value of product imports fell 0.1% to $2 billion.

Reuters

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