Coffee glut hinges on selling strategy of top growers'
Ho Chi Minh City
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 per cent in 2017, Ms Thom has sold just a tiny fraction of the 6 to 7 tonnes 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 Ms Thom, who farms in Dak Lak, Vietnam's top growing province. "The remainder of my harvest I think I would sell in Fe…
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