We’ve all been known to hoard something, whether it’s love letters from our high school sweetheart or those plastic shopping bags from the supermarket we swear to use instead of Ziplocs. And in Vietnam, according to Vietnam Briefing, it’s robusta coffee, which is regularly hoarded by coffee farmers who prefer to save their coffee crops, instead of selling them straight away, in the hope that coffee prices will increase and they will be able to make a bigger profit.
But now, according to Bloomberg, those coffee supplies are finally dwindling, driving up global robusta bean prices. It’s a development that won’t be good news for coffee drinkers, who have already grown accustomed to paying more for beans in recent years.
As the outlet explains, robusta coffee, a different species of coffee tree (as opposed to arabica) that makes up around 40% of the world’s supply (via Bean & Bean), has grown in popularity in recent years. and is particularly used by instant coffee manufacturers such as Nestlé. Better suited to growing areas affected by climate change, since the plants are, say, hardier (via Reuters), robusta beans are grown heavily in Vietnam, the world’s largest supplier of robusta.