Vietnam Coffee Growers, Middlemen May Stock 5% of Crop: Survey
By Mai Ngoc Chau

(Bloomberg) --

Stockpiles held by Vietnamese coffee growers and middlemen are estimated at 5% of their 2021-22 output as of the end of August compared with 13% a year earlier, according to the median estimates of 11 traders surveyed by Bloomberg.
That is about 90,000 tons based on respondents’ current-crop output estimate of 1.8m tons
Production in 2022-23 crop seen dropping to 1.72m tons, according to median estimates of 12 respondents
Three respondents see output unchanged at 1.8m tons
Most respondents attribute lower output outlook to low-yield cycle and expensive fertilizer
Harvesting seen starting in October and peaking in November as normal: 10 respondents
Two respondents say harvesting may start 1 to 3 weeks earlier than usual
Most respondents are concerned about possible prolonged rains and storms during the harvest
NOTE: Vietnam’s Coffee Belt May Get Greater Rainfall During Harvest
NOTE: Coffee Lovers Set for Price Pain as Vietnam Reserves Shrink (2)
NOTE: Vietnam’s Local Robusta Price Hits 10-Year High: Exporters (1)