Vietnams Jan-May coffee exports to fall 13.1% y/y - govt data

HANOI, May 29 - Vietnam’s coffee exports in the first five months of 2019 would likely fall 13.1% from a year earlier to 767,000 tonnes, while rice exports would decline 5.3%, preliminary government data showed on Wednesday.

A woman checks coffee beans that are sorted by size at a coffee factory in Hanoi, Vietnam November 22, 2016. Photo: Reuters

The country typically releases statistics data before the end of the reporting period and figures are revised later. COFFEE Coffee exports from Vietnam will likely fall an estimated 13.1% in the first five months of this year from a year earlier to 767,000 tonnes, equal to 12.78 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 decline 23% to $1.31 billion in the five-month period, the report said.

The country’s coffee shipments in May are estimated at 135,000 tonnes and valued at $220 million, it said. RICE Rice exports in the January-May period from Vietnam were forecast to fall 5.3% from a year earlier to 2.79 million tonnes. Revenue from rice exports in the period was expected to drop 20% to $1.19 billion.

May rice exports from Vietnam, the world’s third-largest shipper of the grain, totalled 700,000 tonnes, worth $297 million. ENERGY Vietnam’s January-May crude oil exports were seen rising 8.6% from the same period last year to an estimated 1.7 million tonnes.

Crude oil export revenue in the five-month period is expected to increase 1.4% to $879 million.

Oil product imports in the first five months of this year were estimated at 3.72 million tonnes, falling 34.8% from the same period last year, while the value of product imports fell 38% to $2.32 billion.

Vietnam’s January-May liquefied petroleum gas imports were seen rising 7.5% from a year earlier to 623,000 tonnes.