Coffee exports fall by over 11 percent in Q1

Coffee exports earned 771 million USD for Vietnam in the first quarter of 2021 (Photo: VNA)

Hanoi (VNA) – Vietnam exported 428,000tonnes of coffee worth 771 million USD in the first quarter of 2021, down 17percent in volume and 11.3 percent in value year on year, according to theMinistry of Agriculture and Rural Development (MARD).

In March alone, 145,000 tonnes of coffee wereshipped abroad, bringing home 275 million USD. The figures respectively rose 18percent and 27.3 percent month on month, but declined 21.1 percent and 11percent compared to the same period last year.

Despite a drop in both export volume and value,export prices still increased in Q1, the MARD said, noting that prices ofVietnamese coffee averaged 1,897 USD per tonne in March, up 7.9 percent fromthe previous month and 12.8 percent year on year.

During Q1, average coffee export prices grew 6.8percent from a year earlier to 1,801 USD per tonne.

MARD statistics also showed that in the firstthree months, the country exported 10.61 billion USD worth of agricultural,forestry and fishery products, up 19.7 percent year on year. Meanwhile, importshit 7.74 billion USD, up 44.7 percent.

That resulted in a trade surplus of 2.87 billionUSD for the agricultural sector during the period./.

VNA