Vietnam: Coffee Semi-annual

  |   Attaché Report (GAIN)   |   VM2022-0082

Post revises its estimate of Vietnam marketing year 2022/2023 (MY 2022/23) coffee production down to 30.22 million bags, green bean equivalent (GBE), due to lower yields, despite abundant rainfall that supported the flowering and cherry setting stages. Post revises MY 2021/22 coffee exports up to 27.70 million bags, driven by increasing demand and improved logistics. Widening gaps in prices of Arabica versus Robusta, as well as Vietnam Robusta versus other sources, will support exports of the new crop. Post revises its estimate of MY 2022/23 coffee exports up to 27.65 million bags.

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