Coffee reserves in Vietnam drop to lowest since 2011
Coffee reserves in Vietnam have reached their lowest since 2011, according to Bloomberg News. In August, the country counted 84,000 tonnes of coffee in its stockpiles from a record 1.7 million tonne harvest, a significant decrease from last year’s 1.5 million tonne harvest, in which 150,000 tonnes of coffee were left over. Experts believe the drop in Vietnam’s robusta reserves is related to the rising price of high-quality arabica beans, which has forced many drinks makers to opt for the more affordable robusta stock. As such, experts are forecasting a shortage of beans over the coming year.