Coffee shipments from Southern Sumatra, Indonesia’s largest growing region, are down to their lowest levels in three months, as sellers there attempt to hold out for higher prices.
According to a recent Bloomberg report, exports from the region are down 36 percent from the nearly 30,000 metric tons of beans — primarily robusta — shipped in November.
Here’s more from the Bloomberg report:
“Exporters were holding back on shipments waiting for higher prices,” said Mochtar Luthfie, head of research and development at the Lampung branch of the Association of Indonesian Coffee Exporters and Industry. There are still about 50,000 tons of beans in warehouses in Lampung, he said.
The full story: Bloomberg News