(Bloomberg) -- Robusta coffee gained in London after Indonesia, the world's fourth-largest producer and exporter, forecast a 65 percent drop in exports this season.
Adverse weather, which has damaged the bean crops, may reduce Indonesia's production by 25 percent to 300,000 metric tons and its exports by more than half, RedTower Research Ltd. in Aberdeen, Scotland, said in a report today, citing the Indonesian Exporters' Association. Indonesia produces both arabica and robusta beans, used in instant coffee, espresso and low-cost blends by companies such as Nestle SA.
Read more at Bloomberg Commodities News
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