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Vietnam’s Jan-Aug coffee exports drop 1.3%, rice down 1.7%

Vietnam’s coffee exports in the first eight months of the year probably fell 1.3% from a year earlier, to 1.16 million tonnes, while rice exports are likely to have dropped 1.7%, government data released on Saturday showed. COFFEE Coffee exports from Vietnam are expected to drop an estimated 1.3% in the first eight months on the year to 1.16 million tonnes, or 19.3 million 60-kg bags, the General Statistics Office (GSO) said. Coffee export revenue for Vietnam, the world’s biggest producer of the robusta bean, will probably be down 0.2% at $1.98 billion in the eight-month period. Its August coffee shipments are estimated at 110,000 tonnes, valued at $197 million. RICE Rice exports in the period from January to August are forecast to drop 1.7% from a year earlier, to 4.5 million tonnes. Revenue from rice exports in the period is expected to increase 10.4% to $2.2 billion. August rice exports from Vietnam, the world’s third-largest shipper of the grain, probably totalled 500,000 tonnes, worth $251 million. ENERGY Vietnam’s January-August crude oil exports were seen rising 22.4% on the year, to an estimated 3.35 million tonnes. Crude oil export revenue in the period is expected to dive 21.2% from a year earlier to $1.1 billion. Oil product imports in the eight months were estimated at 8.1 million tonnes, up 46.9% over the corresponding period last year, while the value of such imports rose 0.6% to $2.64 billion. The GSO trade data is subject to revision next month. (Reporting by Phuong Nguyen; Editing by Clarence Fernandez) Our Standards:The Thomson Reuters Trust Principles.0 : 0narrow-browser-and-phonemedium-browser-and-portrait-tabletlandscape-tabletmedium-wide-browserwide-browser-and-largermedium-browser-and-landscape-tabletmedium-wide-browser-and-largerabove-phoneportrait-tablet-and-aboveabove-portrait-tabletlandscape-tablet-and-abovelandscape-tablet-and-medium-wide-browserportrait-tablet-and-belowlandscape-tablet-and-belowAppsNewslettersAdvertise with UsAdvertising GuidelinesCookiesTerms of UsePrivacyDo Not Sell My Personal InformationAll quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2020 Reuters. 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