Posts Tagged ‘coffe’
Indonesian Coffee Export Value Down 40 Percent
The value of coffee exports in Indonesia in 2009 is estimated to decrease up to 40% when compared with last year. Executive Secretary of the Association of Indonesian Coffee Exporters (AICE) Rachim Kartabrata, said in 2008 the value of coffee exports reached U.S. $ 900 million. But now to around U.S. $ 630 million. He explained that the falling value of Indonesian coffee exports this year due to financial crisis the world and has made Indonesian coffee prices in international markets plummeted. ”Coffee prices tumbled since October 1, 2008 and the current price of robusta coffee fell from U.S. $ 2.2 to U.S. $ 1.1 per kilogram (kg). For this type of arabica fell from U.S. $ 2.8 to U.S. $ 2.3,” he said.
Rachmin said the decline in coffee prices due to bad weather in coffee-producing area center, so the quality of coffee production from the area tend to fall. In addition, the decline in prices was influenced by three factors, among other fundamental factors are the physical conditions of coffee beans are offered, namely the market sentiment factors yields decreased as a result of disaster or bad weather, and the factor of two terminals in London and New York because the players commodity exchanges in the international market. Meanwhile, the volume of coffee production this year also decreased in comparison to the previous year. ”In 2008 the volume of coffee in Indonesia reached 420,000 tons, is now the year 2009 fell 20 percent to 350,000 tons with 80% coffee robusta and arabica coffee rest,” he said.
