The exporter said that this has stabilised prices in the range of Rp29,000 to Rp31,000 a kg. Current internationally traded prices are at $3,200 a tonne c&f Singapore, the exporter explained. Predicted that Indonesia's domestic quotes will decline to below Rp25,000 a kg during the second half of August.
According to the latest estimates from a number of trade sources, the Indonesian crop could be as high as 100,000 tonnes or more...READ MORE