Vietnam Coffee Exports Seen Falling to Six-Year Low by Intimex
- Robusta seen rallying this year due to global supply concerns
- Shortage crisis could occur in April-May as farmers don't sell
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Coffee exports from Vietnam, the biggest producer of robusta beans, may fall to the lowest in six years as farmers hold out for higher prices amid a forecast global supply shortage, according to the nation’s largest shipper.
Shipments are forecast at 1.1 million to 1.2 million metric tons this year, Do Ha Nam, the chief executive officer of Intimex Group, said in an interview last week. That would be the lowest level since 2010, according to customs data.