Sunday 21 July 2024
  • La Cimbali

Coffee exports from Vietnam likely to decline by 10.6% in 1H of 2019

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MILAN – Coffee exports from Vietnam may fall as much as 10.6% on year in 1H 2019 to 928,000 tonnes, or 15.47 million 60-kg bags, the General Statistics Office said in a report on Friday. Shipments are expected to reach 150,000 tonnes, or 2.5 million bags valued at $250 million.

Export earnings are likely to decline 21.1% to $1.58 billion during the same period reflecting lower prices in international markets.

In other news, coffee prices in Vietnam edged higher this week on low supplies, while trading activity picked up in Indonesia.

Farmers in the Central Highlands sold coffee at 35,000 dong ($1.50) per kg on Thursday, compared with 33,000-34,000 dong a week earlier.

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