Vietnam 2018/19 coffee output 2 pct higher than previous estimate
Tuesday, December 4,2018
AsemconnectVietnam - Following are selected highlights from a report issued by a U.S. Department of Agriculture attache in Vietnam:
Post revises its marketing year (MY) 2018/2019 production forecast for green bean coffee up about 2 percent compared to the USDA official number, to 30.4 million bags, green bean equivalent (GBE). Accordingly, Post revises MY18/19 exports up to 25.5 million bags of green coffee beans, compared to the USDA official number of 25.2 million bags. In MY17/18, Post revises its export estimate up to 27.9 million bags from the USDA official number of 27.7 million bags on increased buying resulting from low export prices.
Executive Summary:
While MY17/18 production did not increase, Post revised the estimate for Vietnam’s total coffee exports, including green beans, roasted and ground, and instant coffee, up to 27.9 million bags due to low export prices.
While MY17/18 production did not increase, Post revised the estimate for Vietnam’s total coffee exports, including green beans, roasted and ground, and instant coffee, up to 27.9 million bags due to low export prices.
Source: Reuters.com
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