[adsense] Vietnam is currently the biggest supplier of Robusta coffee for Nestle's instant coffee line of drinks, however Vietnam 's production is predicted to drop for the 2013-2014 harvest about 30% due to the prolonged drought. Production already fell 25% for the 2012-2013 harvest. This reduction in output is expected to raise Robusta prices for the second year in … [Read more...]
Drought Causing Vietnamese Farmers to Curb Sales
[adsense] Vietnam is today the world's largest producer of Robusta coffee, however they are currently limiting sales on their coffee while they seek higher prices during a drought that they fear will reduce the next harvest. Le Tien Hung, Dak Lak-based deputy director of Sept. 2nd Import- Export Co. says of the situation “It’s very difficult to buy beans now as … [Read more...]