Vietnam lockdown adds to global coffee supply concerns
September 1, 2021
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As the South East Asian country’s largest metropolis remains in
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From agriculture.com Vietnam’s coffee exports in 2020 are expected to
From brecorder.com HANOI/BANDAR LAMPUNG: Coffee trading remained subdued in Vietnam
From blogs.ei.columbia.edu Coffee is a big business in Vietnam, accounting
From: Reuters.com Vietnam coffee export premiums tightened amid slow trading
Coffee trading in Vietnam remained lacklustre ahead of the main harvest expected from mid-November, with traders awaiting new beans coming in bulk in upcoming weeks, traders said on Thursday.
Prices for derivatives at US stock exchanges dropped sharply, just to return to a balanced state after a few hours when traders regained their composure.
Under the EU-Vietnam Free Trade Agreement (EVFTA) that came into force on August 1, tariffs on all coffee products from Vietnam were eliminated.
Sales of the higher-quality arabica beans favored by coffee shops have fallen. The trend has made Vietnam, the world’s biggest producer of robusta, Japan’s top supplier of coffee beans and relegated Brazil to second place.
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