Robusta coffee prices reach 45-year high due to Vietnam's supply shortage from poor harvests and drought.
Robusta coffee prices reach highest in 45 years due to supply crunch, intensifying for espresso blends and instant drinks. Vietnam, the world's largest robusta producer, faces supply difficulties after poor harvests in both last and current seasons. Drought and heat in Vietnam's growing areas deplete water for irrigation and curb 2024 crop prospects, with London futures rising in five of the past six months, potentially affecting consumer costs.
May 06, 2024
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