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Vietnam Coffee Exports Jump 20 Percent during Oct-April

Source: Reuters
24/04/2009

Hanoi, April 24 - Vietnam's coffee exports in the first seven months of the current crop year from October to April jumped by an estimated 20.2 percent to 775,000 tonnes, or 12.92 million bags, the government said on Friday.

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The General Statistics Office estimated coffee exports this month would surge 41 percent to 110,000 tonnes, or 1.83 million 60-kg bags, from 78,000 tonnes shipped last April.

The coffee crop year in Vietnam, the world's second-largest producer after Brazil, runs between October and September.

The statistics office revised up March's coffee sales to 136,200 tonnes from 130,000 tonnes estimated earlier, bringing the volume shipped between January and April to an estimated 540,000 tonnes, up 18.8 percent from the same period last year.

Earnings from the commodity in the first four months of the calendar year eased an estimated 12.6 percent to $809.5 million, the statistics office said.

Coffee is the country's second-largest agro-product export item in terms of value, after rice.

Vietnam may still have 6 million bags left unsold, based on the export volume so far, the output estimated by traders at 19.5 million bags, domestic consumption of around 1 million bags and 1.8 million bags in carryover stocks from the previous crop year.

Apart from the loaded coffee volume, Vietnamese exporters have also signed contracts for unspecified quantity for delivery from May onwards.

The Southeast Asian country is the world's largest producer of robusta beans, used mainly in making instant coffee. Its harvest ended in January while harvesting is now under way in robusta rival Indonesia.



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