Vietnam: Coffee Annual

  |   Attaché Report (GAIN)   |   VM2022-0032

Post revised the Vietnam marketing year 2021/2022 (MY 2021/22) coffee production estimate up to 31.58 million bags, green bean equivalent (GBE), on higher yield. Post revised MY 2021/22 exports up to 27 million bags thanks to increased exports in the first quarter of 2022, potentially steady demand, and the possibility of logistics improvements. In MY 2022/23, Post forecasts total coffee production at 30.93 million bags (GBE). Although production is slightly lower than the previous year, MY 2022/23 is also considered a good year for coffee production thanks to favorable weather conditions. Post forecasts exports at 26.65 million bags on strong competition and an uncertain logistics situation.

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