Monthly Update – August 2024
- Vietnam’s coffee stocks at the end of Aug 2024 were 119,136 tons, which was a 25.72% decrease from the previous month and a 29.27% decrease from the same period last year. The stocks were also lower than the average of previous years, with a 55.97% decrease from the previous 5-year average.
- Of this total, 66,219 tons were in the hands of multinational trade houses (19,056-ton monthly decrease tons MoM, 60,826-ton annual decrease tons YoY), 51,090 tons were in the hands of VN local companies (decrease of 21,370 tons MoM, increase of 10,847 tons YoY), and 1,827 tons were in the hands of local suppliers (decrease of 816 tons MoM, increase of 667 tons YoY).
- In relative terms, the percentage of stocks in the hands of trading houses, VN local companies, and VN suppliers by
the end of Aug 2024 was 56%, 43%, and 2% respectively. Trade houses are holding a higher proportion of stocks
than last month (53% of the HCMC stocks in trade houses’ hands) and a lower proportion of stocks than last year
(75% of the HCMC stocks in trade houses’ hands by the end of Aug last year)
