Some Vietnam coffee farms thrive despite drought, but may not stop espresso price hikes

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Coffee Drinks,Vietnam,Business

Vietnam is the world's top producer of robusta beans, the variety most commonly found in espressos and instant coffees

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The Mercantile Exchange of Vietnam expects a 10% to 16% fall in output because of the extreme heat that hit the Central Highlands coffee region between March and early May, according to deputy head Nguyen Ngoc Quynh. To protect his trees during the heat wave, he kept the soil around the plants moist by covering it with leaves. Contrary to the local practice of cutting trees after a few years to boost soil quality, he keeps his growing for decades. As a result, plants have deeper roots and broader access to underground water reserves.

Coffee cherries are smaller than in previous years, but she expects the overall output to be unaffected. It also helped that she timely intervened with biopesticides against bugs that were more numerous than usual because of the extreme weather. Wholesale prices in Vietnam and London-traded robusta futures have risen to record highs earlier this year mostly after an underwhelming harvest in Vietnam and because of fears over the country’s next harvest after the drought, according to multiple traders and analysts.

Coffee Drinks Vietnam Business Industries

 

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