Vietnam’s 2023/24 Coffee Production Expected to Reach 27.5 Million Bags With Robusta Dominance

Vietnam's coffee production in the 2023/24 crop year anticipates a 300,000 bag increase compared to the previous season, reaching 27.5 million bags, primarily consisting of robusta coffee at 95%. Robusta coffee production is estimated to be around 26.6 million bags, a 1.2% year-on-year (YoY) increase, while Arabica production is expected to decline by 11.1% YoY to 880,000 bags. Vietnam's green coffee exports are predicted to decrease by 2.4 million bags to 23 million bags, and end-of-season inventories for 2023/24 are forecasted to remain low at 359 thousand metic tons (mt). However, the price of Robusta and Arabica coffee in Q1-24, is forecast to maintain high levels due to concerns about lack of supply, the lowest inventory in the last 12 years.