A bumper harvest of coffee beans in Indonesia in 2019 the global price of coffee beans will be hit hard again!

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Indonesia has a bumper harvest of coffee beans this year. Arabica coffee fruits were harvested on the 9th at a coffee estate in West Java Province. Reuters

Indonesia is the world's third-largest producer of robusta coffee beans, which are favored by instant coffee makers such as Nescafe. Indonesia's production is expected to reach its highest level in four years this year. Global coffee supply has increased greatly, and coffee-loving consumers are also expected to drink cheaper coffee.

Indonesian coffee farmers are expected to harvest 11.5 million bags, or 690,000 metric tons, of beans in the coming months, up more than 5 percent from last year. Hutama Sugandhi, president of the Indonesian Coffee Exporters Association, said: "The weather is good for coffee fruit development." Last year's moderate rainfall allowed coffee trees to get enough moisture to produce high-quality beans, he said. Coffee beans start harvesting in April and peak in June or July.

The provinces of Lampung, Bengkulu and South Sumatra in southern Sumatra are the main producing areas of Robasta coffee beans, producing 75% of Indonesia's Robasta beans. Coffee beans from this region are exported from Penjang port in Lampung province.

Arabica coffee beans are grown mostly in northern sumatra and java. Coffee farmers in the southern part of Sumatra, known as the Golden Coffee Triangle, have harvested about 20 percent of the beans. Higher supplies have pushed export-grade robasta beans down 5 percent last week from a month ago to $1,540 a metric ton.

Coffee farmers are rushing to sell beans ahead of next month's major Islamic holiday, and coffee beans shipped to Banjang Port last Monday more than doubled from a week ago to 5,000 metric tons.

Coffee trader Moelyono Soesilo said: "Despite lower prices, coffee farmers are still releasing fresh beans because they need money to prepare for Ramadan and Eid next month."

The increased global supply of coffee beans depressed prices and reduced roaster costs. Arabica futures traded in New York this month at 88 cents a pound, the lowest price since 2005. Robasta bean futures in London also fell to $1,290 a metric ton, a nine-year low. July delivery of robasta beans fell 1.1 percent to $1321 a metric ton Friday.

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