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Dry weather impacts major producers, and the global supply of Robusta coffee beans will be in short supply for the fourth year in a row
Volcafe, one of the world's top coffee traders, anticipates that Robusta coffee beans used for instant coffee will be in short supply for the fourth consecutive year in the future as Vietnam, a major producer, continues to face dry weather.
Vietnam's coffee drought warning, there are still concerns after Robusta prices plummeted
Vietnam, the world's largest producer of robusta beans, still needs more rainfall to ease the drought conditions in coffee growing regions.
Tight supply intensifies, the price of Robusta coffee beans climbed to a 45-year high
According to data from the International Coffee Organization, the price of Robusta beans has climbed to its highest level in 45 years due to the growing tight supply of coffee bean varieties used in espresso and instant drinks.
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Tims China to Participate in Upcoming Conference
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Coffee futures prices are expected to continue to rise, hoarding and extreme weather will impact Vietnam's supply
① Due to the bleak supply prospects in Vietnam, a major coffee exporter, coffee prices are expected to continue to soar, and the hoarding phenomenon and bad weather have exacerbated supply constraints in Vietnam; ② Due to Vietnam's supply shortages, London Robusta coffee futures prices have risen by about 50% this year, reaching the highest level in at least 16 years.