Vietnam Jan-April coffee exports likely up 4.5% y/y: statistics office

HANOI, April 29 -- Vietnam’s coffee exports in the first four months of the year likely rose 4.5% from a year earlier, while rice exports likely fell 7.9%, government data released on Wednesday showed.

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

Coffee

Coffee exports from Vietnam in January-April will likely reach 659,000 tonnes, equal to 10,983 bags of 60 kg each, the General Statistics Office (GSO) said.

Coffee export revenue for Vietnam, the world’s biggest producer of the robusta bean, will likely rise 2.2% to $1.11 billion in the four-month period.

The country’s coffee shipments in April are estimated at 170,000 tonnes, worth $280 million.

Rice

Rice exports in January-April are forecast to drop 7.9% from a year earlier to 1.9 million tonnes.

Revenue from rice exports is expected to increase 0.2% to $892 million.

April rice exports from Vietnam, the world’s third-largest shipper of the grain, likely totalled 400,000 tonnes, worth $191 million.

Energy

Vietnam’s January-April crude oil exports were seen rising 25.6% from the same period last year to an estimated 1.72 million tonnes.

Crude oil export revenue in the period is expected to rise 4.8% from a year earlier to $734 million.

Oil product imports in the first four months were estimated at 4.1 million tonnes, up 45.7% from the same period last year, while the value of oil product imports increased 34.5% to $1.77 billion.

The GSO trade data is subject to revision next month.