Vietnam Jan-Aug coffee exports likely fell 10.3 pct y/y

Vinafood II, one of Vietnam’s biggest rice exporters, has announced plans to diversify into oil trading and gasoline retailing.

Vietnam’s rice exports fell 6.3 percent in volume and 20.4 percent in value in the first five months of 2019 compared to the same period last year.

Agriculture, forestry and fisheries exports value went down 2.9 percent year-on-year in the first quarter of 2019 to $8.8 billion.

Vietnam’s coffee exports in Q1 are expected to fall 15.3 percent from a year earlier to 477,000 tonnes, government data showed Friday. 

Rice export prices rose for both the Indian and Vietnamese varieties this week, bolstered by a pick up in demand.

Vietnam’s coffee exports for January are expected to fall 19.1 percent from a year earlier to 175,000 tonnes, while rice exports will likely decline 18.5 percent.

Farm hands from the Mekong Delta come to Ho Chi Minh City before the Lunar New Year to earn some money.

Rice export prices slipped in India as the rupee weakened and demand waned, prompting buyers to turn to other markets such as Vietnam.

Vietnam’s coffee export volumes for 2018 are expected to increase 20.1 percent from last year, while rice exports are estimated to rise 4.6 percent.

Rice export prices in India rose to their highest in more than three months as a key producing region hiked procurement rates for domestic paddy.

Rice export prices fell the second consecutive week in India, while strict inspections from China muted exports from Vietnam.

Vietnam’s coffee export volumes from January to November have grown 23 percent year-on-year and rice exports have risen by 4.8 percent, official data shows.

Rice export prices rose for a third straight week in India while an Philippine order did little to infuse activity in Thailand and Vietnam.