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Covid lockdown in Vietnam could keep coffee prices ‘relatively high’ through 2022

Vietnam’s Covid-19 lockdown has constrained the global supply of coffee — and coffee prices could remain “relatively high” through 2022, said Fitch Solutions.

The Southeast Asian country is the world’s second-largest coffee exporter. The country is battling its worst Covid outbreak since the start of the pandemic, and a lockdown in its exporting hub Ho Chi Minh City has affected overseas shipments of coffee and other goods.

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