Vietnam may see record coffee exports as prices soar but El Nino threatens to hit supply

Vietnam's coffee farming covers about 710,000ha, with its largest coffee-growing area in the Central Highlands accounting for about 90 per cent of the total output. - VNA/VNS

HANOI (Xinhua): Vietnam expects its coffee exports this year to hit a fresh record high as global production will fall short of demand, resulting in soaring prices amid El Nino-induced extreme weather conditions, Vietnam News Agency reported on Thursday (June 8).

"The now-widely expected transition to El Nino conditions in the third quarter of 2023 has fuelled fears of reduced production in Vietnam and Indonesia, both major robusta coffee producers," Fitch Solutions' research unit BMI said in a report dated May 24.