London Robusta futures rose to the highest level since at least 2008 earlier this year, due to a shortage of supply of the crop. Last month, it also posted its biggest gain since January this year, at more than 10 percent. Agricultural areas in Vietnam are shrinking, especially in the main provinces of Dak Lak and Dak Nong, while yields are also declining in some areas, as a result, the world is expected to receive less coffee than Vietnam, the world's largest producer of the Robusta variety used in instant drinks and espresso, as the dwindling yield compared to increasing domestic and global demand, is putting pressure on supplies, as Vietnam is likely to produce between 1.6 million and 1.7 million tons of coffee beans. of the current crop, down from 1.78 million tons a year earlier.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
