Coffee price hits record high, raising concerns

Market volatility: Coffee seedlings in a greenhouse in Vietnam. The country’s price hike is largely driven by tightening Arabica supply from Brazil – the world’s largest producer – as the country’s harvest season concludes. — Bloomberg

HANOI: Coffee prices are soaring at an unprecedented pace, surpassing expert predictions and raising concerns over market speculation.

On Feb 11, coffee prices in the Central Highlands climbed to 131,000 dong per kg, an increase of 2,000 dong from the previous day.