Vietnam's coffee exports in the first three months of the year are estimated to have risen 19.4% from a year earlier to 541,000 tonnes, while rice exports are seen up 24%, government data released on Tuesday showed.
Coffee
Coffee exports from Vietnam are estimated to have risen 19.4% in the first three months of this year from a year earlier to 541,000 tonnes, the General Statistics Office (GSO) said. Coffee export revenue for Vietnam, the world's biggest producer of robusta beans, is seen up 50.4% to $1.2 billion in the first quarter. The country's coffee shipments in March are estimated at 170,000 tonnes, valued at $394 million. Raw sugar prices weaken, arabica coffee falls sharply
Rice
Rice exports in January-March are estimated to have increased 24% from a year earlier to 1.475 million tonnes. Revenue from rice exports in the period is expected to show a rise of 10.5% to $715 million. March rice exports from Vietnam likely totalled 500,000 tonnes, worth $246 million.
Energy
Vietnam's January-March crude oil exports are estimated to have decreased 8.9% from the same period last year to an estimated 747,000 tonnes. Crude oil export revenue in January to March is expected to rise 50.3% from a year earlier to $584 million. Oil product imports in the first quarter were estimated at 2.1 million tonnes, up 11.7% from the same period last year, while the value of product imports rose 70.3% to $1.4 billion. The GSO trade data is subject to revision next month.