The coffee areas in Vietnam, the biggest producer of robusta beans used by Nestle SA, will probably receive rain in coming days, easing concern that dry weather will reduce the harvest in the year starting October. Futures in London slumped to a three-week low.
Coffee growers in Vietnam, the biggest producer of robusta beans used by Nestle SA, are holding record stockpiles as they curb sales amid speculation that drought will reduce next year’s harvest. Futures fell.
Coffee production from Dak Lak in Vietnam, the principal growing region in the world’s largest robusta producer, may increase 5.3 percent after good weather aided flowering, according to the local government.
Coffee harvesting in Vietnam, the world’s second-biggest producer, has been delayed by rains, according to officials and executives in Dak Lak, the biggest growing region. Robusta futures in London advanced.
Coffee farmers in Vietnam, the biggest producer of robusta beans used by Nestle SA in instant drinks, are limiting sales from a record harvest before the Tet Lunar New Year festival as they expect higher prices.
Operations at 15 companies have been suspended after bottling and selling water that failed to meet health safety requirements, Viet Nam News said, citing the Central Highland Dak Lak Province People’s Committee.