Approved By: Benjamin Petlock
Post forecasts Vietnamís marketing year 2020/2021 (MY20/21) coffee production at 30.2 million bags, down 3.5 percent from the previous year, due to unfavorable weather conditions. Post revised estimates of MY19/20 bean exports down to 23.5 million bags, lower than the USDA official number, due to competition from foreign markets. Post forecasts MY19/20 and MY20/21 ending stocks up on low prices in MY19/20 and the resulting high carryover.
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