Rifki Nurfajri (The Jakarta Post) PREMIUM Jakarta ● Sat, June 19, 2021 Global arabica coffee prices rose 16 percent year-on-year (yoy) to US$3.63 per kilogram in the first quarter of 2021, continuing a longer-term uptrend, according to World Bank data, but Indonesian coffee farmers have seen no increase. Data from the Trade Ministry's Commodity Futures Trading Regulatory Agency (Bappebti) shows that the domestic arabica coffee price, set by the Indonesian Coffee Exporters Association (AEKI), dropped by 40 percent from Rp 60,000 to Rp 36,000 per kilogram from April 1, 2020, to April 1, 2021. It has recovered somewhat from that level, settling at Rp 52,000 per kg on Friday. "The decrease in the [domestic] arabica coffee price [over the past year] is due to a lack of demand from [consumption] places, such as cafes, because the pandemic restrictions have significantly reduced the number of visitors at such places," AEKI … to Read Full Story SUBSCRIBE NOW Starting from IDR 55,000/month Unlimited access to our content on web and app No advertising, no interruption A bonus subscription to share Bookmark and night mode functions on app Subscription to our newsletters We accept Register to read 3 premium articles for free… Read full this story
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