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The Financial Express

Vietnam Jan-April coffee exports see 17.7pc rise

| Updated: April 29, 2018 21:10:13


Vietnam Jan-April coffee exports see  17.7pc rise

Vietnam's coffee exports for the January-April period rose an estimated 17.7 per cent from the same period a year ago, while rice exports grew an estimated 22.3 per cent during the same period, government data showed on Sunday, reports Reuters.

Coffee exports from Vietnam will rise an estimated 17.7 per cent in January to April from a year ago to 689,000 tonnes, equal to 11.48 million 60-kg bags, the General Statistics Office said in a report on Sunday.

Coffee export revenue for Vietnam, the world's second-biggest producer of the robusta bean, edged up 0.2 per cent annually to $1.3 billion in the four-month period, the report said. April coffee exports were estimated at 160,000 tonnes, worth $304 million.

Rice exports in January-April from Vietnam were forecast to rise 22.3 per cent from a year ago to 2.17 million tonnes.  Revenue from rice exports in the period were forecast to rise 38.3 per cent year-on-year to $1.09 billion.

April rice exports from Vietnam, the world's third-largest shipper of the grain, were recorded at 680,000 tonnes, worth $347 million.

Vietnam's January-to-April crude oil exports dropped 41.4 per cent year-on-year to an estimated 1.24 million tonnes. Crude oil export revenue in the first four months of 2018 fell 24.9 per cent to $668 million.

Oil product imports in the four-month period increased 11 per cent from the same time last year to an estimated 4.38 million tonnes, while the value of the product imports rose 31.6 per cent to $2.8 billion.

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