Vietnam cutting back on coffee to ease glut

Jason Folkmanis Bloomberg News Monday, May 19, 2003

BUON MA THUOT, Vietnam Vietnam, Asia's biggest coffee producer, has cut down about 7 percent of the coffee trees in its main growing province, to help end a world glut that has cut prices and farmers' incomes.

Dak Lak province, which accounts for more than half of Vietnam's coffee harvest, reduced its coffee-growing by 18,000 hectares, according to Nguyen Van Lang, chairman of the Dak Lak Province People's Committee. It has just under 250,000 hectares of coffee trees and wants to reduce that to 220,000 hectares by 2005.

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