Last year's El Nino drought has potentially permanent damaged the coffee crop in South and Central America, leading to a significant decrease in global coffee exports, down 13.3% year-on-year to 10.8 million bags in January, as reported by the International Coffee Organization. The market has seen varied price movements, with Robusta prices dropping while Arabica prices surged. Vietnam, a key producer, anticipates a 5% decrease in coffee output for the 2024-2025 crop year, around 27 million bags. Despite this, Vietnam's coffee exports in February saw a notable increase of 26.7% in volume and 32.3% in turnover compared to the previous month. Coffee prices have risen sharply globally and in Vietnam due to concerns over a decrease in supply in Brazil and Vietnam, setting new record highs. However, it is expected that prices may adjust as new supplies are released and global demand, driven by high prices, begins to decline.