Robusta coffee prices have recently reached a 45-year high, with wholesale prices increasing by 17% in April, marking the strongest rate since 1979. This surge is attributed to supply difficulties in Vietnam, the world's leading robusta producer, which has faced poor harvests and a shift by farmers to growing durian. Additionally, the International Coffee Organization noted that this price hike is due to a supply crunch affecting the variety commonly used in espresso blends and instant drinks. Despite reaching these highs, prices began to decline sharply after peaking last week.
Coffee prices soar as Vietnam farmers switch to durian https://t.co/elL4PuyRK2
Robusta Coffee Bean Prices Near Half-Century High As Vietnam Supply Woes Spark World Crunch https://t.co/kuGLlkrFxn
Robusta coffee prices have climbed to the highest in 45 years, according to the International Coffee Organization, as a supply crunch intensifies for the variety used in espresso blends and instant drinks. https://t.co/40tcX4CZ7Y
Robusta Coffee Prices absolutely tanking after hitting all-time highs last week 🚨 https://t.co/OZxSj1wh2J
🚨 Robusta coffee prices at a 45-year high 🚨 📈 Wholesale prices +17% during April to the strongest since 1979 (luckily this might be the peak) 🇻🇳 Vietnam, the world’s top robusta producer, “continues to face supply difficulties” after poor harvests https://t.co/HxDfyDXqQ1