Vietnam: Coffee Semi-annual
Link to report:
Posts revised its forecast of Vietnam coffee production for marketing year 2021/2022 (MY21/22) up to 31.1 million bags, green bean equivalent (GBE), on improved weather conditions that supported yields. MY20/21 Vietnam coffee exports declined by 9 percent year-over-year to 24.77 million bags, according to Vietnam Customs. Post also revised the MY21/22 coffee export forecast down to 25.8 million bags considering on-going logistical difficulties. Post estimates MY20/21 stock at 3.81 million bags, and forecasts that MY21/22 stock will rise to 6.58 million bags due to high carry-over and potential higher production.
