Reported 11 months ago
Despite facing the worst drought in nearly a decade, Vietnamese coffee growers are implementing clever strategies to maintain healthy yields. While the Mercantile Exchange of Vietnam predicts a 10-16% fall in output due to extreme heat, recent rains offer hope. However, uncertainty remains regarding whether this will offset the shortage of robusta beans, potentially leading to price hikes worldwide. Farmers are optimistic about their individual yields, with some employing innovative techniques like keeping trees for decades and using biopesticides. Though record high wholesale coffee prices were seen earlier this year, consumer prices have only slightly increased, signaling a potential future rise due to global robusta demand and farmers' ability to withhold goods.
Source: YAHOO