Coffee Lovers Set for Price Pain as Vietnam Reserves Shrink
- Stockpiles in top grower seen halving by end of next month
- Local robusta prices jump to record as beans getting scarce
Bean availability in Vietnam has fallen as shipments rose 17% to 1.13 million tons in January-July from a year earlier, according to customs data.
Photographer: Jeff Holt/BloombergThis article is for subscribers only.
Vietnam’s vast hoard of coffee beans is shrinking, a phenomenon that’s set to push rising global prices even higher.
Stockpiles will halve by the end of September from a year earlier, according to the median estimate in a Bloomberg survey of traders. Output from Vietnam, the world’s largest robusta supplier and second-largest coffee producer, is also expected to drop in 2022-23.