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Vietnam Aug Coffee Exports up 22.2 pct

Source: Reuters
25/08/2009

Hanoi, Aug 24 - Vietnam's August coffee exports rose 22.2 percent from the same month last year to an estimated 60,000 tonnes, or 1 million bags, the government said on Monday.

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The General Statistics Office also estimated coffee exports in the first 11 months of the October 2008 to September 2009 crop year at 1.094 million tonnes, or 18.24 million 60-kg bags, a rise of 17.9 percent from a year earlier.

The office revised down the export volume in July to 53,000 tonnes from 70,000 tonnes previously estimated.

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

The next harvest is due to start in late October in the Central Highlands coffee belt.

Vietnam's coffee output could drop between 15 and 20 percent in the 2009/2010 season to between 16 million and 17 million bags from the previous crop, shrunk by adverse weather, an industry official said on Friday.

Revenues from the commodity in the first eight months of the calendar year ending August dropped an estimated 17.7 percent to $1.26 billion, the statistics office said.

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

Vietnam's coffee stocks thinned to 2 million bags, based on a crop output estimate of 19.5 million bags, stocks carried forward from the previous year of 1.8 million bags, shipment so far of 18.24 million bags and domestic consumption of 1 million bags.

The U.S. Department of Agriculture has forecast Vietnam would export 18.8 million bags from the current 2008/2009 crop year, making up about 20 percent of the world's total.



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