Vietnam’s coffee farmers are refusing to fill orders looking to renegotiate their contracts in light of higher than expected coffee prices, Reuters is reporting. The publication goes on to say that what started as a local problem is now starting to impact the global coffee market.

Incidentally, The Investor carried an op-ed yesterday from a local coffee exporter who was kind of lamenting that the structure of the marketplace was broken. He was arguing for broader reform of the process and seemed to be saying that it was the traders that connect the farmers and the buyers that were suffering the most.

The average local coffee price on December 1, was VND 59,800 (US$2.45) per kilo. By January 31, however, that price had reached VND 79,125 (US$3.25), a jump of 24.42 percent.

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