Vietnam coffee growers hoarding most beans in 5 yrs

Hanoi

COFFEE growers in Vietnam are storing the most beans in at least five years as they bet the biggest surge in prices in 16 months has further to run.

Farmers held 28 per cent of the crop in the world's largest robusta producer at the end of last month, going by the median of eight trader estimates compiled by Bloomberg. Unsold inventories totalled 440,000 tonnes, the survey showed. That compares with 250,000 tonnes, or 15 per cent of the crop, held at this time in the previous season.