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Vietnam Jan-Aug coffee exports up 6.9% y/y, rice down 14.8%

Vietnam Jan-Aug coffee exports up 6.9% y/y, rice down 14.8%

Sunday, August 29, 2021, 14:18 GMT+7
Vietnam Jan-Aug coffee exports up 6.9% y/y, rice down 14.8%
A man pours coffee beans to a grinder at a shop in Hanoi July 16, 2013. Photo: Reuters

Vietnam's coffee exports in the first eight months of the year were likely down 6.9% from a year earlier to 1.07 million tonnes, while rice exports likely fell 14.8% on-year to 3.9 million tonnes, government data released on Sunday showed.

Coffee

The coffee exports for the eight months were equal to 17.8 million 60-kg bags, the General Statistics Office (GSO) said on Sunday.

Coffee export revenue for Vietnam, the world's biggest producer of the robusta bean, will likely be up 1.1% to nearly $2 billion in the eight-month period.

The country's coffee shipments in August are estimated at 105,000 tonnes, valued at $207 million.

Rice

Rice exports revenue in the January-August period is expected to fall 6.8% to $2.1 billion.

August rice exports from Vietnam likely totalled 430,000 tonnes, worth $211 million.

Energy

Vietnam's January-August crude oil exports were seen falling 45.1% from the same period last year to an estimated 1.92 million tonnes.

Crude oil export revenue in the period is expected to fall 14.1% from a year earlier to $1 billion.

Oil product imports in the first eight months were estimated at 6.5 million tonnes, down 18.7% from the same period last year, while the value of product imports increased 20.6% to $3.2 billion.

Reuters

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