Coffee Glut Hinges On Whether Top Growers Will Hold Back Sales
Hoang Thi Thom, a coffee grower in No. 2 producer Vietnam, isn’t keen to sell this year’s harvest.
With prices for the robusta coffee she grows down 18 percent in 2017, Thom has sold just a tiny fraction of the 6 to 7 metric tons she expects to gather this season. The rest she plans to hold back until after the Tet holidays that celebrate the Lunar New Year in mid-February.
"We would suffer a big loss if we sold coffee beans at this dirt-cheap price," said Thom, who farms in Dak Lak, Vietnam’s top growing province. "The remainder of my harvest I think I would sell in February, after Tet."
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