Vietnam exports 202,000 tonnes of coffee in February

Vietnam exported 202,000 tonnes, or 3.37 million bags, of coffee last month, up 40.3 percent from a year earlier, Vietnam Customs said, revising up an earlier government estimate of 180,000 tonnes. But the actual loading volume in January-February fell 12.6 percent from the same period last year to nearly 313,700 tonnes, the customs department run by the Finance Ministry said in a report seen by Reuters on Monday.
February's revised volume shipped from Vietnam, the world's second-largest coffee producer after Brazil, is slightly above market expectations. Late last month the government's General Statistics Office estimated February coffee shipment at 180,000 tonnes, while the Agriculture Ministry projected 200,000 tonnes and traders estimated the volume at between 120,000-200,000 tonnes. Rising supplies last month from Vietnam, which is the world's largest robusta producer, could lead to softening prices on London's robusta futures market, where May contract fell $39 to $2,011 per tonne at 1427 GMT on Monday.