Vietnams Jan-Oct coffee exports down, rice up

A farmer harvest coffee beans in Vietnam’s Central Highlands. Photo: Tuoi Tre

Vietnam's coffee exports are expected to have fallen an estimated 22 percent in the first 10 months of this year from a year earlier, while rice shipments are set to have risen 21.6 percent, the General Statistics Office said in a report on Sunday.

Coffee

Coffee exports from Vietnam will drop an estimated 22 percent in January-October from the same time last year to 1.18 million tonnes (19.7 million 60-kg bags).

Exports revenue was estimated to edge down 1.8 percent annually to $2.7 billion, the report said.

October shipments of beans in Vietnam, the world's largest robusta producer, are estimated at 80,000 tonnes, same as September, the report said.

Rice

Ten-month rice exports from the world's third-largest shipper of the grain were forecast to rise 21.6 percent to 5 million tonnes. Revenue from the January-October rice exports was seen rising 20.3 percent year-on-year to $2.2 billion.

Vietnam would ship an estimated 400,000 tonnes of rice in October, compared to 516,000 tonnes in September, the report said.

Energy

Vietnam's January-October crude oil exports edged up 2.6 percent year-on-year to an estimated 5.9 million tonnes, or 178,000 barrels per day (bpd).

Crude oil export revenue in the ten-month period rose 24.4 percent to $2.39 billion.

Oil product imports increased 11 percent to an estimated 10.6 million tonnes, while the value of imports jumped 40.9 percent to $5.6 billion.

Vietnam's liquefied petroleum gas imports during the period increased 18 percent from a year earlier to 1.18 million tonnes.