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Vietnam's Jan-July coffee exports drop 0.1%, rice down 1.4%

Wednesday, July 29, 2020, 10:18 GMT+7
Vietnam's Jan-July coffee exports drop 0.1%, rice down 1.4%
People wear protective masks as they walk down a street in Hanoi, Vietnam July 27, 2020. Photo: Reuters

HANOI — Vietnam's coffee exports in the first seven months of the year are expected to drop 1.4% from a year earlier to 1.06 million metric tons, and rice exports will likely drop 1.4%, government data released on Wednesday showed. 

Coffee exports from Vietnam will likely decrease an estimated 1.4% in the first seven months of this year from a year earlier to 1.06 million metric tons, equal to 17.68 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 decrease 0.5% to $1.8 billion in the seven-month period, the report said. 

The country's coffee shipments in July are estimated at 120,000 metric tons valued at $213 million, it said. 

Rice exports in the first seven months of this year from Vietnam were forecast to drop 1.4% from a year earlier to 3.9 million metric tons. 

Revenue from rice exports in the period was expected to rise 10.9% to $1.91 billion. 

July rice exports from Vietnam, the world's third-largest shipper of the grain, totaled 300,000 metric tons, worth $109 million. 

Vietnam's Jan-July crude oil exports were seen rising 18.7% from the same period last year to an estimated 2.8 million metric tons. 

Crude oil export revenue in January to July is expected to fall 25.2% to $915 million. 

Oil product imports in the first seven months were estimated at 6.9 million metric tons, up 41.9% from the same period last year, and the value of product imports rise 8.1% to $2.5 billion.

Reuters

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