Vietnam coffee prices hit 12-month high

Coffee prices in Vietnam have reached as high as US$1729 per tonne over the past week, according to figures from the nation’s Ministry of Agriculture and Rural Development (MARD). This is the highest price fetched for coffee in Vietnam since 29 June, 2015, the MARD said in a statement. The rising prices have come as the result of concerns about the impact of prolonged droughts in both Vietnam and India, both key producers of the global Robusta crop. Higher average temperatures and scarce rainfall mean that the world’s leading Robusta-producing region, Vietnam’s Central Highlands, looks set to yield its lowest crop since 2012/13 in the October harvest.

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