Vietnam's Coffee Prices Drop But A Possible Wave Of Demand Might Curb Impact
Vietnam is among the top coffee-producing countries in the world. After Brazil as the top producer of coffee, Vietnam’s coffee production ranks second-highest in the world, with a contribution to about 20% of the global coffee market. However, the year 2023 is proving to be a tough year for Vietnamese coffee exporters facing losses. Despite high export volumes, falling coffee prices are contributing to the falling revenue for Vietnamese coffee exporters.