Vietnam January coffee exports drop 39.8pct y/y to 135000 tonnes

28-Jan-2014 Intellasia | Brecorder | 6:00 AM Print This Post

Vietnam, the world’s top robusta producer, would export an estimated 135,000 tonnes (2.25 million bags) of coffee in January, a drop of 39.8 percent from a year ago, the government said on Friday, in line with market expectations.

December coffee exports were revised up at 135,600 tonnes, from 120,000 tonnes in an earlier estimate, the general Statistical Office said in its monthly report.

The estimated volume this month brought the country’s shipment in the October 2013-January 2014 period to 412,100 tonnes, down 32 percent from a year ago, according to the general Statistical Office data.

Traders have forecast coffee exports this month, the fourth month of the 2013/2014 crop year, at between 100,000-150,000 tonnes.

The coffee crop year lasts between October a September.


Category: Business

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