Coffee prices have skyrocketed and show no signs of cooling down globally, with Vietnam recording an all-time high. This bean is becoming a “hot” commodity, ranked second only to gold and oil by global investors.
Coffee is an industrial crop, grown in large quantities in the Central Highlands of our country. In the past, coffee was considered a "poverty alleviation tree" for hundreds of thousands of farming households. Over the years, coffee trees have developed, making Vietnam one of the top 5 coffee producing and exporting countries in the world, with Robusta coffee ranking number 1 globally. However, over the past decades, Vietnamese coffee has been associated with the phrase "cheap goods". The average low price of coffee has made many farmers no longer interested, and the planting-cutting cycle has occurred in many localities. It was not until the end of 2023 that this "bitter" bean suddenly entered a global price fever. Robusta coffee is the preferred choice of roasters around the world, with prices continuously breaking historical peaks. This bean is so hot that investors around the world are pouring money into speculation, holding more than pure gold and oil. Strong buying power has triggered automatic buy orders, pushing coffee futures prices to new records. Green coffee prices in Vietnam have risen to an all-time high and are about to reach VND100,000/kg. Coffee growers in our country have made unprecedented profits despite declining production. 
Vietnamnet.vn
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