Indonesia Want to Be Determinants World Coffee Prices

Indonesia Want to Be Determinants World Coffee Prices : Besides Brazil, Vietnam and Colombia, Indonesia is the world's largest coffee producer. In fact, Acting Director General of Foreign Trade, Ministry of Commerce, Karyanto Suprih, say, when the Brazilian crop failures in the past few years, Indonesia has become a majority supplier of the world's coffee needs. Unfortunately, to date, the market price of coffee in Indonesia is still determined by other countries.

For robusta, refers to the commodity price of coffee futures exchange in London, England. Meanwhile, for the types of arabica coffee commodity price refers to the futures exchanges in New York, United States.Karyanto hope, the future, Indonesia could become a price-maker in coffee. "This is being planned. If possible, it's great because we are major coffee producers worldwide," said Karyanto in Jakarta, Friday (03/06/2016).Karyanto hope, discussions held by the national association of coffee producers can run smoothly and led to a deal. If successful, will overtake coffee tin that has been first traded through futures exchanges.Encountered in the same occasion, Vice-Chairman of the Association of Indonesian Coffee Exporters (AICE) Pranoto Soenarto said, currently the national coffee production reached 600,000 tons. A total of 400,000 tons were exported.Pranoto regretted, Indonesia has not been able to be a determinant of world coffee prices. It is precisely the countries that are not manufacturers kopilah that determine the price.

Posted by Berita Lampung

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