Vietnam Jan coffee exports likely to fall 19.1 pct y/y to 175,000 tonnes

HANOI - Vietnam’s coffee exports for January are expected to fall 19.1 percent from a year earlier to 175,000 tonnes, while rice exports will likely decline 18.5 percent, government data showed on Tuesday.

A woman dries rice in Binh Da village, outside Hanoi, Vietnam June 15, 2017. Photo: Reuters

COFFEE

Coffee exports from Vietnam will fall an estimated 19.1 percent in January from a year earlier to 175,000 tonnes, equal to 2.92 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, will decline 27.2 percent to $305 million in the month, the report said.

The country’s coffee shipments in December totalled 154,000 tonnes valued at $276 million, it said.

RICE

Rice exports in January from Vietnam were forecast to fall 18.5 percent from a year earlier to 400,000 tonnes. Revenue from rice exports in the month was expected to drop 24.8 percent to $180 million.

December rice exports from Vietnam, the world’s third-largest shipper of the grain, totalled 478,000 tonnes, worth $229 million.

ENERGY

Vietnam’s January crude oil exports were seen rising 28.6 percent from the same month last year to an estimated 490,000 tonnes.

Crude oil export revenue in the month is expected to decline 12.4 percent to $180 million.

Oil product imports in January were estimated at 500,000 tonnes, falling 56.9 percent from the same period last year, while the value of product imports fell 65.4 percent to $260 million.

Vietnam’s January liquefied petroleum gas imports were seen falling 48.9 percent from a year earlier to 85,000 tonnes.