Vietnam’s Dec coffee exports ease 8.5 pct y/y-govt

Thursday, 29 December 2011 01:13 - - {{hitsCtrl.values.hits}}

HANOI (Reuters): Vietnam exported an estimated 150,000 tonnes, or 2.5 million bags, of coffee in December, a drop of 8.5 percent from the same month last year, the government said on Wednesday.

November’s coffee export volume was revised up to 70,700 tonnes from 50,000 tonnes estimated earlier, the government’s General Statistics Office said in its monthly report.

On Monday the Agriculture Ministry estimated December shipment at 120,000 tonnes, or 2 million bags.

December loading volume has brought Vietnam’s total coffee exports this year to 1.25 million tonnes, up 2.7 percent from 2010, the statistics office said.

The 150,000 tonnes estimated for this month has also brought the total exports between October and December, the first three months of the 2011/2012 crop year, to 252,500 tonnes, or 4.2 million bags, down 13 percent from the same period last season.

Traders have estimated between 110,000 tonnes and 150,000 tonnes could be loaded from Vietnam this month.

Vietnamese coffee prices eased slightly this week in line with the London futures market before sales could pick up early next year when growers unload beans to prepare for the Lunar New Year, traders said on Tuesday.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.