Why coffee prices could spike globally due to Vietnam’s drought | Fast Company


Vietnamese coffee growers have been hit hard this year by the worst drought in nearly a decade, raising concerns about pricier espressos across the world, even as some farmers keep yields healthy with clever countermeasures.

Domestic forecasts for next season’s harvest in Vietnam, the world’s second-biggest coffee producer, remain grim.

The Mercantile Exchange of Vietnam (MVX) expects a 10-16% 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.

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