Coffee Origin Report–12/8/15
Here’s a collection of reports from our contacts at origin:
- Crop around Lake Toba has passed peak, and is predicted to come in at about 10% lower than prior year crop.
- Current crop should last until roughly the beginning of 2016. New crop should begin around late April
- Crop around Aceh is at peak. Current crop is about 20-30% lower than prior year crop.
- Current crop should last until late January.
- Because of a lack of overlap between the Lake Toba and Aceh crop, local prices are strong.
- Crop is expected to be larger, coming in at 1.84-2 million bags.
- There is some risk to quality due to unstable weather in the main drying areas.
- Rain is providing some difficulty in the main drying areas here as well.
- A lack of rain during the bean formation phase is causing lower yields from parchment to green coffee.
- Rain through January is predicted to be close to normal levels.
- October 1-November 15 exports were 81,203 bags. This is a 16.24% increase over 2014/15 levels.
- Farmers continue to harvest slowly due to low Robusta prices.
- 32% of the 2015-16 crop was collected in October and November, well below the five-year average of 38%.
- Dry weather has resulted in smaller beans than in last year’s crop.
- Farmers are hoarding 275,000 tons at the end of September, 17 of the last harvest, compared with 4% last year.