Crucial Coffee Exports From Vietnam to Be Tight Through Year-End
- A rebound in supply not likely until December at the earliest
- Scarcity from top grower to put more pressure on lofty prices
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Coffee exports from Vietnam — the world’s biggest robusta grower — are likely to stay tight through the year-end, putting more pressure on prices that have jumped by almost two-thirds in 2024.
Drought has weighed on production from the Southeast Asian nation, and there’s also a threat the La Nina weather pattern, which typically brings more rainfall there, could further hamper output when it likely sets in later in the year. That risks exacerbating tight global supplies that recently sent a robusta gauge surging to the highest since the 1970s.