Coffee Sales to Slow in Vietnam as Reserves Decline
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Coffee sales by growers in Vietnam, the biggest producer of robusta beans used by Nestle SA, may slow after stockpiles slumped 54 percent from an all-time high.
Unsold reserves shrank to 390,000 metric tons at the end of April, or about 23 percent of the record 1.7 million-ton crop, according to the median of 10 trader and shipper estimates compiled by Bloomberg. That’s less than 27 percent at the same time last year and the 25 percent average in the past five years, the survey shows. Inventories were 850,000 tons in the week ended March 7, a record for that time of year.