World: Coffee is rising in price due to strong demand for robusta and dry

The coffee market expects this year's crop to satisfy demand, but short-term factors are driving prices higher, with Arabica up more than 35% in the past month. Production is concentrated in two countries - Arabica in Brazil and Robusta in Vietnam - and any problems there have a big effect on the market. Yonatan Anachkov, the owner of a coffee bakery, commented on this in the show "Business Start" with presenter Hristo Nikolov. It all started not so much with Arabica as with Robusta. Over 90% of Vietnam's coffee crop is robusta, and any negative effects have a strong impact on the global market, Anachkov said. "The last few years, as a negative trend, Vietnam has reduced the production of robusta. This has caused concern, but the main reason is that this year there is a lack of rainfall and now an even worse harvest than the last two years is expected," explained the guest. At the same time, interest in robusta is starting to increase, Anachkov said. The increase in the market for ...