Comment on Your latte could get even more expensive, thanks to a drought in Vietnam that's strangling coffee bean production

Your latte could get even more expensive, thanks to a drought in Vietnam that's strangling coffee bean production

Vietnam produces more than a third of the world's robusta coffee – but drought threatens production and prices.Nhac Nguyen/AFP via Getty ImageRobusta coffee futures hit a 16-year high because of a prolonged drought in Vietnam.Vietnam and Brazil, the top robusta producers, face climate issues affecting harvest and supply.Vietnamese farmers are also holding onto their beans, hoping to sell them for higher prices.Lattes may get pricier, as a key indicator for the price of the bean in espresso just hit a record high.The robusta coffee variety is the basis for both espresso and instant coffee.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News