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Vietnam's Ho Chi Minh City epidemic prevention blockade has caused market concerns about global coffee beans supply

 Last Update: 2021-09-10
 Source: Internet
 Author: User

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According to the website of Radio Hong Kong, in response to Vietnam’s largest city, Ho Chi Minh City, is implementing anti-epidemic lockdown measures, the market is worried that the global coffee supply will be affected
.

According to reports, Vietnam is the main producer of Robusta coffee beans , which have a bitter taste and are mainly used in instant coffee and some Italian espresso recipes
.
In Ho Chi Minh City, the Delta variant of the new crown virus outbreak has recently occurred.
Under severe blockade measures, the export of goods has been blocked, affecting the global supply of coffee beans
.
The BBC reported that the wholesale price of Robusta coffee beans has risen by about 50% this year
.

According to reports, affected by the restrictions on entry and exit under the epidemic, exporters are currently facing a serious shortage of containers and rising shipping costs
.
The local coffee bean industry and trade organizations urge the Vietnamese government to relax the blockade measures to avoid further delays in shipping schedules and additional costs
.

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