Coffee prices could stay "relatively high" through 2022 due to constrained supply from major producers Brazil, Vietnam and Colombia, said Fitch Solutions.
Vietnam, the world's second-largest coffee exporter, is battling its worst Covid outbreak since the start of the pandemic.Pots of coffee bean are seen at a coffee shop in Hanoi, Vietnam on August 15, 2012. Vietnam is one of the world's top coffee producers and exporters.Vietnam's Covid-19 lockdown has constrained the global supply of coffee — and coffee prices could remain "relatively high" through 2022, said Fitch Solutions.
In August, Vietnamese coffee exports fell 8.7% from July to 111,697 tonnes, Reuters reported, citing customs data. Between January and August, Vietnam exported 1.1 million tonnes of coffee — 6.4% lower than a year ago, but coffee export revenue rose 2% to around $2 billion, said the news agency.
Put some stank on it.
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what’s getting cheaper?
It looks that the peak in this wave in Vietnam has passed. 🇻🇳🇻🇳🇻🇳
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