CIMBALI
Friday 22 November 2024
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INDONESIA – Production may rebound to record levels

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Indonesia may reap a bumper crop in in the season starting April after rains boosted yields, according to a survey led by Bloomberg.

Production may increase 18 percent to 650,000 metric tons from 550,000 tons a year earlier, the median of five trader estimates compiled by Bloomberg shows.

That would be more than the all-time high of 630,000 tons in 2009-2010 and matched in 2012-2013, according to U.S. Department of Agriculture data.

Another survey this month showed production could reach record levels also in Vietnam, the world’s largest Robusta producer.

 

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