Coffee lovers face rising prices as Vietnam bean reserves shrink


HO CHI MINH (Bloomberg): Vietnam's vast hoard of coffee beans is shrinking, a phenomenon that is 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.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

Vintage motorised rickshaws keep urban heritage alive in Indonesia's Pematangsiantar city
Thai shippers warn baht too strong, hits exports and jobs
Singapore car-sharing service Shariot pauses vehicle rental services ‘until further notice’
Smooth passenger flow as new coordinated checks begin at KLIA
Navy Super Lynx helicopter makes emergency water landing off Klebang Beach
India imposes excise duty on cigarettes, effective Feb 1
Two Vietnam pro-democracy activists convicted in absentia for 'anti-state' activities
North Korea's Kim Jong Un attends New Year's celebrations, KCNA says
Oil prices log steepest annual drop since 2020
New system to track origins of local durians

Others Also Read