Vietnams Jan-April coffee exports at 629,000 tonnes, down 13.5 pct y/y

Vietnam’s coffee exports in the first four months of this year are expected to fall 13.5 percent from a year earlier to 629,000 tonnes, while rice exports will likely decline 7.9 percent, government data showed on Friday.

Coffee beans are displayed at an exhibition in Hanoi December 10, 2015. Photo: Reuters

Coffee exports from Vietnam in the first four months of this year will likely fall an estimated 13.5 percent from a year earlier to 629,000 tonnes, equal to 10.48 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, will likely decline 22.6 percent to $1.09 billion in the four-month period, the report said.

The country’s coffee shipments in April are estimated at 140,000 tonnes and valued at $235 million, it said.

Rice exports in the first four months of this year from Vietnam were forecast to fall 7.9 percent from a year earlier to 2.03 million tonnes. Revenue from rice exports in the period was expected to drop 21.7 percent to $866 million.

April rice exports from Vietnam, the world’s third-largest shipper of the grain, totalled 620,000 tonnes, worth $256 million.

Vietnam’s January to April crude oil exports are forecast to rise 22.8 percent from the same period last year to an estimated 1.51 million tonnes. Crude oil export revenue in the four-month period is expected to increase 12.7 percent to $744 million.

Oil product imports in the period were estimated at 2.88 million tonnes, falling 35.2 percent from the same period last year, while the value of product imports fell 39.0 percent to $1.74 billion.

Vietnam’s January to April liquefied petroleum gas imports are forecast to rise 20.6 percent from a year earlier to 564,000 tonnes.