Coffee Harvest in Vietnam Set to Drop From Record on Yields
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Coffee output in Vietnam, the top grower of robusta beans used by Nestle SA and Mondelez International Inc., will probably decline in the year starting October as yields shrink after a record crop.
The harvest may contract by 4 percent to 1.64 million metric tons from 1.71 million tons a year earlier, according to the median of 12 trader and analyst estimates compiled by Bloomberg. Unsold inventories with farmers were equivalent to 19 percent of production by the end of May, from 20 percent at the same time last year, the survey showed.