:. Food Industry News


Indonesia Coffee Exports Seen Down 30 pct in '09

Source: Reuters
17/04/2009

Jakarta, April 17 - Indonesia's coffee bean exports may drop 30 percent in 2009 from last year's multi-year highs, as falling demand and softer global prices take a toll, the Indonesian Coffee Association said on Friday.

Daily News Alerts

Indonesia, the world's second-largest robusta producer, shipped out 448,311 tonnes of beans in 2008 against 321,703 tonnes a year before, the trade body said.

"Exports were so high last year mainly because of good prices but prices have fallen a lot. We are looking at an export fall of 20 to 30 percent," Chairman Hassan Widjaja told Reuters in an interview.

Bean prices in the main growing province of Lampung on Sumatra have lost more than 40 percent after hitting a record of 25,750 rupiah ($2.40) per kg in March to track declines in London futures. The low prices have also made farmers reluctant to sell their beans.

More job cuts in the United States, the world's largest coffee consumer, were sending bearish signals to the coffee market, said Suherman Harsono, chairman of the Lampung chapter of the coffee association.

"Price is driven by the supply-demand situation. If the crisis deepens, the industry will collapse," Harsono said. "Of course people who lost jobs will buy food first, than coffee."

Farmers would suffer if local prices dropped below the current level of 14,000 rupiah/kg, he added.

Dealers said many roasters were buying hand-to-mouth, and exporters in Lampung complained of a lack of buying interest just as the harvests progressed in Sumatra.

Robusta is either blended with arabica beans for a lower-cost brewed coffee or processed into instant coffee.

London's July robusta contract hit a one-month low at $1,477 a tonne on Friday, extending Thursday's declines triggered by a firm dollar and weak oil prices.



GO   View more articles on this subject


More Alerts from 17/04/2009


Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
Daily News Alerts
Related Items
Indonesia Coffee Exporters Delay 15,000 T of Shipments
Indonesia's Jan-June Coffee Exports Seen up 19 pct...
Indonesia Sees 2009 Coffee Output up about 3 Pct
Indonesia Sumatra May Coffee Exports up 66 Pct y/y...
Indonesia Delays New Trade Rule Opposed by Exporters;...
Indonesian Exporters Oppose Stricter Trade Rule - Official
Indonesia's Sumatra Coffee Exports Up 5 pct in January
Indonesia 2008 Coffee Exports Rise 36 Pct on Harvest,...
Indonesia's Sumatra 2008 Coffee Exports Up 66 pct Year-on-Year...
Default Fears Grow as Indonesia Coffee Beans Seized...

More in Food Industry News
Procter & Gamble Repurchasing Shares, Quiet on...
US Shoppers Going Green Despite Struggling Economy
Wessanen Sells Liberty Richter to World Finer Foods
Cheesecake Factory Sticks to 2010 Forecast
Brenntag Changes 2.5 Bln Euro Loan to Allow IPO
European Commission Refers Greece to ECJ over Unjustified...
JM Smucker's Quarterly Net Income Increases 172%
Ferrero, Hershey Would Likely Break up Cadbury
Indonesia's Astra Agro Revises Up CPO Forecast
Cocoa Supplier Olam to Benefit from Consolidation Among...

Top Headlines
Procter & Gamble Repurchasing Shares, Quiet on...
US Shoppers Going Green Despite Struggling Economy
Wessanen Sells Liberty Richter to World Finer Foods
Cheesecake Factory Sticks to 2010 Forecast
European Commission Refers Greece to ECJ over Unjustified...
JM Smucker's Quarterly Net Income Increases 172%
Cocoa Supplier Olam to Benefit from Consolidation Among...
Avebe and National Starch Food Innovation to Expand...
Auchan Backs Hypermarkets as Rivals Rethink
Ferrero Could Eye Cadbury Gum, Candy Unit
Dole Food Posts Wider Q3 Loss
Fonterra Sells Stake in UK Joint Venture to Arla
Imperial Sugar Company Closes Three-Way Joint Venture...
PepsiCo to Invest $100 Million in Egypt in 2010
Ex-Parmalat Auditors Settle US Investor Lawsuit
Tesco in Broadband Push as Reaches Beyond Groceries
India Sugar Protest Forces Parliament to Shut
Kerry Group Keeps Full Year Earnings Growth Forecast
Nestle Professional to Acquire Vitality Foodservice
Pinnacle Foods Acquires Birds Eye Foods for USD 1.3...
DSM Makes Great Strides in Production Processes for...
Russian Grocer X5 Plans Higher 2010 Capex
Brazil: Laep in Talks to Sell Dairy Plant to Nestle
SunOpta Announces Opening of Natural and Organic Sesame...
Products Comprising, and Uses of, Decarboxylated Phenolic...
Process for the Preparation of Packaged Heat-Preserved...


 


FLEXNEWS 2009 - All rights reserved
ISSN 1950-6228