PAJARO LAND

Posts Tagged ‘export’

Export price of cocoa which lasted expensive or about U.S. $ 2,900 per metric ton until this weekend to make it to the Indonesian demand for commodities is still declining. ”The price of cocoa exports 2900 U.S. dollars per metric ton was up high enough compared to some months ago, so the interest decreases with the pretext of buying prices are not suitable anymore for the industry,” said President Director of PT Sarimakmur Tunggal Mandiri, Suryo Maco, in Medan.

Although demand for quiet, according to him, cocoa prices in local markets such as North Sumatra also remained high or in the range Rp26.500 per kg. ”All of mutual self help. Buyer resist purchasing, while exporters also do not want to release with lower prices because local prices too expensive to survive,” said Suryo. As a result of actions buyer who still wait and see, he said, the transaction only to meet existing export contracts. ”It is difficult to detect subsequent requests including whether the price could go down or even go up again, because many factors that affect transactions or prices on international markets,” he explained. He mentions, although North Sumatra cocoa production is not too large, but demand is high enough into the area because of the typical cocoa flavor. ”This year it’s lonely and it demand for the impact of global crisis,” he said.

BPS Chief of North Sumatra, Alimuddin Sidabalok, mentions, compared to a group of other goods, the value of foreign exchange earnings from cocoa, including a low-cut at this year. In January-September 2009 for example, he said, the value of cocoa exports fell only 3.97 percent of North Sumatra to 77.964 million U.S. dollars from the same period last year which reached 81.188 million U.S. dollars. While other commodity export values fell an average of over 10 percent. ”Even animal fats and oils / vegetable export value fell to 46.78 per cent,” he said.

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.