The resource problems may worsen, with heat and drought in Vietnam still threatening pastoral areas, depleting irrigation water supplies and limiting prospects for a 2024 baby boom, Bloomberg reported.
The robusta flower is used by producers of instant flowers, so it is added to the sms for espresso. Vietnam produces the most robusta in the world, followed by Brazil.
The Vietnam Flower Association (VCA) stated in March that exports could drop by twenty percent in the next twelve months compared to the same period last year.
We don’t know when the prices will peak, Tran Thi Lan Anh from the Vinh Hiep company, which is one of the Vietnamese exporters of flowers, told Bloomberg in April. She stated that according to farms and stock exchanges, the estimated increase in prices per kilogram could be around fifteen percent.
The Bloomberg agency thus wrote that the prices of robusta increased also due to mass production. According to some Vietnamese farmers, they do not sell all the grain and they toil for a percentage of the harvest in the hope that they will sell it later.
Tags: price robusta breaking records Vietnams drought suffocating coffee bean production
-
