Source:Best Coffee > News Author:qjroot Published:2021-11-02 17:49:20
Sumatra Robusta exports down 51.5% in October
In terms of monthly export volume, Indonesia’s coffee exports in September amounted to 7,187.36 tons. Compared to September, Indonesia’s coffee exports in October surged significantly.
For a long time, Indonesia’s coffee export data has shown significant fluctuations. The following is a comparison of monthly data between 2021 and 2020:
2021 | 2020 |
Vietnam’s Central Highlands, the country’s largest Robusta-producing region, has been hit by persistent heavy rainfall, forcing a delay in coffee harvesting. The continuous downpours have also led to increased fruit drop, negatively affecting yields.
For a long time, logistics disruptions and transportation difficulties will further affect the supply and delivery of new-season coffee beans.
"https://v3.coffeecdn.cn/uploadfile/ueditor/image/202111/1635846633a06354.png" The price of near-month robusta contracts on the Intercontinental Exchange (ICE) climbed 7.5% this month and hit a ten-year high last week as robusta inventory fell more than expected. The certified stocks of arabica at ICE warehouses dropped 9.1% this month, while robusta inventories fell to their lowest level in a year, down 4.9%. Robusta coffee futures remain in contango, with near-term prices higher than forward prices. Some traders speculate on whether Vietnam, a major robusta producer, will eventually ship out its growing backlog of unexported coffee. "https://v3.coffeecdn.cn/uploadfile/ueditor/image/202111/16358466705b857b.jpg" The biggest uncertainty lies in how much (either bagged or bulk) product large trading companies can export from Asia, which may be delivered by January, thereby preventing further contango.Related Reading
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