Reported 5 months ago
The article discusses how Volcafe Ltd., a major coffee trader, predicts a fourth year of deficits for robusta beans used in instant coffee due to dry weather in Vietnam, the top producer. The crop potential for Vietnam in the 2024/25 season is forecasted to be the lowest in 13 years, leading to irreversible damage to coffee blossoms. This forecasted deficit may lead to higher coffee prices, impacting consumers and prompting a potential shift in demand towards arabica beans. Despite record exports from Brazil offsetting some shortages, global coffee supplies are expected to be tight in the upcoming season.
Source: YAHOO