The Coffee Producers in Indonesia Closed Delivery Schedule Contracts in April 2023 Due to Low Supply

The producers of Sumatran Robusta coffee beans have closed contracts for April 2023 delivery while calculating their commitments for May and June 2023 delivery contracts. In W13, a low supply of coffee beans prevents from offering additional volume or new contracts. The decline in yields in the Q1 of 2023 resulted in reduced production of Sumatra robusta coffee beans, especially for high grades, grades 1 to 3 (referring to the Indonesian national coffee grading standard). Producers estimate the decline to be more than 30% in 2023, due to weather factors.