Indonesia Coffee Sales Seen Slumping as Beans Rot in Rain
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Coffee shipments from Indonesia, the third-largest producer of the robusta variety, will probably drop the most in six years as wetter-than-usual weather rots beans and cuts the harvest.
Sales may plunge 19 percent to 6 million bags this year, according to the median of estimates from seven exporters compiled by Bloomberg. That’s the biggest drop since at least 2007, according to data from the Central Statistics Agency. Output may slide to 9.58 million bags from 11.04 million, the median of eight shipper estimates shows. Exports were forecast at 6.42 million bags and output at 9.92 million bags in a June survey. A bag weighs 60 kilograms (132 pounds).