Friday 24 June 2022

Vietnam’s coffee exports likely to be down 10.3% in Jan-Aug period

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MILAN — Coffee exports from Vietnam fell an estimated 10.3 percent in the first eight months of this year from a year earlier to 1.19 million tons, equal to 19.8 million 60-kg bags, the General Statistics Office (GSO) said in a report on Thursday.

Coffee export revenue for Vietnam, the world’s biggest producer of the robusta bean, will likely decline 20 percent to $2.03 billion in the eight-month period, the GSO also reported.

The country’s coffee shipments in August are expected to reach 130,000 tons, worth $220 million, said the same source

Coffee exports from Vietnam, the world’s second-largest producer of the commodity, reached an estimated value of $3.5 billion in 2018.

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