Indonesia’s coffee exports are expected to increase by 10 percent to 1.3 billion USD this year thanks to the surge in the commodity’s price in the global market, said a trade official.
Nus Nuzulia Ishak, Director General of the Indonesian Trade Ministry’s export development department, said the prolonged drought that hit Brazil, the world largest coffee producer and exporter, had resulted in a sharp increase in the global price of coffee.
Brazil produces about one-third of the world’s coffee and about half the world’s Arabica beans.
According to the Brazil’s National Coffee Council, the country’s output this year may fall by at least 18 percent to 40.1 million bags (60 kg/ bags) after a reduction of 3.1 percent last year.
The drought-hit harvest in Brazil in 2014, along with forecasts of more dry weather in the Latin American country, had caused the price of Arabica beans to hit its highest level in two and a half years.
Indonesian Specialty Coffee Association (AKSI) Chairman Leman Pahlevi unveiled that Indonesia’s own Arabica coffee was currently being exported at a price of 100 USD per kg for the global market, adding more than 80 percent of the country’s coffee output is exported.
Indonesia’s coffee production in this year’s crop from October last year to September this year dropped to 500,000 tonnes from 700,000 tonnes.-VNA
Nus Nuzulia Ishak, Director General of the Indonesian Trade Ministry’s export development department, said the prolonged drought that hit Brazil, the world largest coffee producer and exporter, had resulted in a sharp increase in the global price of coffee.
Brazil produces about one-third of the world’s coffee and about half the world’s Arabica beans.
According to the Brazil’s National Coffee Council, the country’s output this year may fall by at least 18 percent to 40.1 million bags (60 kg/ bags) after a reduction of 3.1 percent last year.
The drought-hit harvest in Brazil in 2014, along with forecasts of more dry weather in the Latin American country, had caused the price of Arabica beans to hit its highest level in two and a half years.
Indonesian Specialty Coffee Association (AKSI) Chairman Leman Pahlevi unveiled that Indonesia’s own Arabica coffee was currently being exported at a price of 100 USD per kg for the global market, adding more than 80 percent of the country’s coffee output is exported.
Indonesia’s coffee production in this year’s crop from October last year to September this year dropped to 500,000 tonnes from 700,000 tonnes.-VNA
