ASEAN KEY DESTINATIONS
Indonesia coffee exports to decline by 10 per cent
INDONESIA’S coffee bean exports are expected to slip by between five per cent and 10 per cent this year from around 400,000 tonnes in 2015, an industry association said yesterday, amid a forecast of weather-related output declines and growing domestic demand.
“(Exports) will decline from last year because domestic consumption is increasing and production will decline a little,” Irfan Anwar, chairman of the Association of Indonesian Coffee Exporters and Industries, told reporters at a coffee industry seminar.
Indonesia’s coffee production is expected to decline to 600,000 tonnes in 2016 as a result of the La Nina weather phenomenon, said Anwar.
That is down from a revised figure of 620,000 tonnes produced in 2015 and below a March forecast of 700,000 tonnes for this year. La Nina is a cooling of the tropical waters of the Pacific that is a counterpart to the El Nino weather event that is characterised by warmer waters.
“The worry is that (coffee plants) will soon be flowering and too much rain could damage the flowers,” Anwar said. He added that farmers and the government had started making preparations for La Nina, and were beginning the main harvest early where possible.
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Indonesia to launch 13th economic package this month
Coordinating Economic Minister Darmin Nasution said on Wednesday that the government would release its 13th economic policy package in August, adding that the draft had been completed.
Darmin said the 13th package was largely an extension of the previous one, but would expand its focus beyond industry. The 12th package focused on small and medium enterprises.
"We are just waiting to schedule a meeting with the president," Darmin told reporters at his office. He refused to give the exact date the new policy package would come into effect.
The ministry team must meet with President Joko "Jokowi" Widodo one more time to finalize the details, Darmin said.