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Vietnam’s Jan-Sept coffee exports drop 1.4%, rice down 0.6%

Tuesday, September 29, 2020, 15:46 GMT+7
Vietnam’s Jan-Sept coffee exports drop 1.4%, rice down 0.6%
Coffee beans are sorted by size at a coffee factory in Hanoi, Vietnam November 22, 2016. Photo: Reuters

HANOI -- Vietnam's coffee exports in the first nine months of this year are expected to show a 1.4% drop from a year earlier to 1.25 million tonnes, while rice exports likely fell 0.6%, government data released on Tuesday showed.

Coffee

Coffee exports from Vietnam likely decreased an estimated 1.4% in the first nine months of this year from a year earlier to 1.25 million tonnes, equal to 20.83 million 60-kg bags, the General Statistics Office said in a report on Tuesday.

Coffee export revenue for Vietnam, the world's biggest producer of the robusta bean, likely decreased 1% to $2.158 billion in the nine-month period, the report said.

The country's coffee shipments in September are estimated at 100,000 tonnes valued at $188 million, it said.

Rice

Rice exports in the first nine months of this year from Vietnam are forecast to show a drop of 0.6% from a year earlier to 5.026 million tonnes.

Revenue from rice exports in the period is expected to rise 12% to $2.468 billion.

September rice exports from Vietnam, one of the world's largest shippers of the grain, totalled 420,000 tonnes, worth $215 million

Energy

Vietnam's Jan-Sept crude oil exports are seen rising 40.9% from the same period last year to an estimated 4.089 million tonnes.

Crude oil export revenue in January to September is expected to fall 8.6% to $1.363 billion.

Oil product imports in the first nine months were estimated at 9.045 million tonnes, up 42.7% from the same period last year, and the value of product imports down 1% to $2.97 billion .

Reuters

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