According to the VietNam News, the average price of wholesale coffee in Vietnam has risen up to 80% in the past year due to a regional drought in 2004-5. Coffee supplies are estimated at 30-50% lower than normal: Coffee prices surge on demand.
Given the awful, mass production quality robusta beans that largely come out of Vietnam … who knows? Maybe this will make other specialty coffee growers around the world a little more attractive for the big coffee cartels.
Who am I kidding? You double the price of coffee sold for pennies on the pound and it costs, well, pennies on the pound. At least it hopefully won’t hurt the sustainability of quality bean growers as Vietnamese coffee dumping has in years past.
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