Coffee exports from Indonesia, the third largest producer of Robusta should fall to lowest levels in six years, before the damage with excessive rainfalls, which will reduce production.
Shipments may drop 19% this year, ranking 6 million bags of 60 pounds, according to average estimates of exporters surveyed by Bloomberg. The information departs from the Bloomberg Agency. This would represent the worst performance for the country since 2007, according to the Central Statistics Agency of the country.
Production may drop to 9.58 million bags compared to previous estimates of 11.04 million bags. Recent survey, June, indicated forecasts exports of 6.4 million bags and production of 9.92 million sacks, numbers that can be revised down before damage with rainfalls.
Source: Revista Cafeicultura