Sept. 17 (Bloomberg) -- Coffee farmers in Indonesia’s southern Sumatra, the main growing region of the world’s third-biggest robusta producer, harvested 92 percent of this year’s crop, according to Amsterdam-based trader Nedcoffee BV.
While all beans from the lowlands had been gathered by Sept. 6, farmers in highlands collected 65 percent of the crop, the trader, which has a factory in the Southeast Asian nation with storage capacity of 300,000 bags, said in a report e-mailed today. About 70 percent of the beans harvested were sold by farmers and middlemen, it said. Indonesia is in its 2013-14 season. A bag of coffee weighs 60 kilograms (132 pounds).
In Vietnam, the world’s largest robusta grower, farmers were still holding 9 percent of the crop by Sept. 1, or 139,114 tons, said Nedcoffee, which also has offices in Ho Chi Minh City, Vietnam. Bean stockpiles held by traders fell 32,000 tons last month. Vietnam’s 2012-13 season ends Sept. 30 and harvesting of the next crop is set to start next month.
“The weather remains ideal for new crop development, with good sunshine in the daytime alternating with downpours during the night,” Nedcoffee said. “Cherries are maturing well.”
While the first red cherries have already been picked by farmers, the majority of the new crop “will only come from December,” said the trader. Vietnam may have 80,000 tons of coffee to export this month if carryover stockpiles are the same as last season’s, according to the report.
Robusta coffee for delivery in November fell 2.3 percent to $1,691 a ton by 3:27 p.m. on NYSE Liffe in London.
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