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Vietnam's coffee exports slow in Q1

HANOI: 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, 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).