Vietnam's Coffee Market Hits A Standstill As Farmers Hold Out – CoffeeTalk

Vietnam’s coffee industry is experiencing a slowdown due to low harvest supplies and unpredictable weather. Farmers in the Central Highlands are reluctant to sell due to rising local coffee bean prices, which have recently reached $4.80 to $4.92 per kilogram. Exporters are concerned about potential defaults and dwindling profits. Robusta coffee futures for March have dropped to $5,101 per metric ton, with discounts widening on some grades. Despite these challenges, the U.S. Department of Agriculture forecasts Vietnam’s coffee output will grow to 30.1 million bags next season. Indonesia’s Sumatra robusta beans have shifted from a $150 premium to a $200 discount, amidst foreboding price increases in London. Investors should keep an eye on the evolving dynamics and potential opportunities in coffee futures as Vietnam grapples with production challenges and pricing pressures. Vietnam’s coffee market plays an important global role, and its current challenges could have broader implications.

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