Coffee Hoarding and Heavy Rain Crimp Supply of Vietnamese Beans
- Some growers waiting for higher robusta prices, Vicofa says
- Vietnam’s output may climb to 28 million bags in 2024-25
A worker harvests coffee berries at a farm in Vietnam.
Photographer: Maika Elan/BloombergThis article is for subscribers only.
Vietnam’s coffee supply has been squeezed by growers hoarding their beans and a delay to harvesting caused by heavy rain, but the disruption in the world’s top producer of robusta is expected to be short-lived.
Some farmers are waiting for higher domestic prices before selling, while rain has delayed the harvest by about 15 days, said Nguyen Nam Hai, the chairman of the Vietnam Coffee and Cocoa Association, known as Vicofa. A series of storms hit the region just as the harvest started in October.