HANOI: Vietnam’s coffee production this season is expected to be lower than the previous year due to bad weather, compounding a supply shortfall that’s sent global prices surging.
Output from the world’s biggest producer of the robusta variety is forecast at 26.5 million bags for 2024-25, said Nguyen Nam Hai, chairman of the Vietnam Coffee and Cocoa Association, known as Vicofa. That’s lower than the group’s December estimate and compares with 27 million in 2023-24.
Uh-oh! Daily quota reached.
