Coffee Crop in Vietnam Expanding to Almost Match Record
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Coffee growers in Vietnam, the biggest producer of robusta beans used by Nestle SA, are set to reap an almost record harvest, helping to ease a global shortage. Futures fell the most in about two weeks.
Output will probably reach 1.69 million metric tons in the year started Oct. 1, according to the median of 10 trader estimates compiled by Bloomberg. That’s more than the 1.65 million tons predicted in a survey last month and compares with