Indonesia's torrential rain coffee stocks fall to a 13-year low and futures prices are estimated to break 2000 next month.

As heavy rains hit coffee producing areas in Indonesia and Vietnam will take another three months to harvest, Robusta coffee bean stocks will fall to a 13-year low. Weather forecast

The agency MDA Weather Services points out that the heavy rain in Indonesia since April has been twice the 30-year average.

According to a survey of 10 traders by Bloomberg, they estimate that by the end of this year (2013), the London International Financial Futures options Exchange (Liffe) will hold

"Bloomberg" reported that torrential rains and floods affected the harvest and drying of coffee beans, according to Nedcoffee BV, a Dutch trader with an office in Indonesia.

The delivery schedule of the farmhouse has been 16% slower than that of the same period last year. Inventories have fallen 38 per cent since mid-May, while Vietnamese traders hold back supplies and wait for prices to rise. Industry

The market for instant coffee made from Robusta beans is expected to grow 3.6 per cent to $29.2 billion this year, setting a new record. Futures trader Marex Spectron Group pointed out that the situation will be tighter in the fourth quarter, the market will continue to need to certify inventory, when the main question will be how fast inventory decline.

Since the beginning of this year, the price of Robusta coffee beans has fallen 7.9% to $1772 per ton in Liffe, while the price of Arabica coffee beans has fallen on the ICE Futures Exchange.

It fell 18% to $1.1835 per pound (or $2609 per tonne). The Stemp Goldman Sachs Commodity Index, which tracks the prices of 24 raw materials, rose 0.8%, mainly due to crude oil,

The impact of cotton and cocoa prices.

American instant coffee manufacturer The JM Smucker Co. President Mark T. Smucker says demand for Robusta coffee beans is strong. These two kinds of coffee

The price of beans has fallen this year, and traders generally believe that supply exceeds demand. According to Macquarie Bank, the output of Robusta beans increased by 3.8% in 2013-14.

6530 million bags, but demand grew by only 1.6% to 6380 bags, while the supply surplus of Arabica beans tripled to 4.2 million bags. A bag of coffee beans weighs 132 pounds.

Coffee prices in Vietnam fell 13% in the second quarter, and local coffee farmers stored 140000 tons of last season's harvest. And the price rise in the future may cause them to start to release

Stock in hand.

There is a new harvest of coffee shipped.

Tong Teik Pte, a local coffee company, said that farmers

With the expansion of planting, Rain Water is also conducive to growth. The company expects coffee prices to soar to $2050 next month, but fall back to $1850 by the end of the year.

Rainfall in Indonesia is likely to return to normal in the next two months, allowing farmers to dry beans and speed up shipments. In the five months to August 2, Indonesia

Coffee shipments were 25000 tons less than the same period last year, to 129844 tons.

(responsible Editor:)