Vietnam's coffee exports slow in Q1 as domestic prices rise

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Vietnam's coffee exports slow in Q1 as domestic prices rise

STORY: Vietnam's coffee exports slow in Q1 as domestic prices rise DATELINE: April 7, 2023 LENGTH: 00:01:41 LOCATION: Hanoi CATEGORY: ECONOMY SHOTLIST: 1. various of coffee harvesting in Vietnam 2. various of roasting and packaging process of coffee beans in Vietnam 3. various of the coffee festival in the central highlands Dak Lak province STORYLINE: Vietnam's coffee exports in the first quarter this year edged down 1.6 percent to 572,000 tons from a year ago, the General Statistics Office has said, adding that coffee export revenue for the same period reached 1.3 billion U.S. dollars, down 2.3 percent on the year. Vietnamese coffee prices surging this year, coupled with rising interest rates on bank loans, have made exporters refrain from building their stockpiles and reluctant to have contracts for delivery in the future on concerns about global price volatility, said Nguyen Xuan Hien, head of staff of the Vietnam Coffee-Cocoa Association (Vicofa). Also, Vietnamese farmers are in no rush to sell their

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