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Kulon Progo farmers produce various tea flavors

27

Jan

Kulon Progo farmers produce various tea flavors

One of Samigaluh Sukohadi tea farmer in Kulon Progo, Wednesday, said he produces various tea with flavors such as pegagan tea, scented tea, charred [...]

Kulon Progo farmers produce various tea flavors. One of Samigaluh Sukohadi tea farmer in Kulon Progo, Wednesday, said he produces various tea with flavors such as pegagan tea, scented tea, charred tea and white tea. `Previously, the harvested tea was sent to PT Pagilaran factory for Rp1,000 per kilogram. We think the price is cheap, thus we process it on our own in groups. We process it into several types of unique teas both in name and taste,` Sukohadi said. From various of those people's tea products, the most interesting ones are `charred tea` and `white-tea`. The two teas have rather complicated and exclusive ingredients and processes.White-tea is white in color, the original color of the tea leaves. There is not using any form of heat to dry it, thus the tea leaves' benefits are complete. `For this white tea, we have to harvest it before the sun shines. We do the harvesting after the dawn prayer, for at most half to one hour. Should it be exposed to sunlight, its benefit will be different,` he said. Sukohadi said that to dry white tea you only need to expose it to the wind, without using fire heat. The rule is strictly enforced. This white tea is brewed as a special drink. In Bali, the price is Rp3.5 billion per kilogram. Its consumers are mostly foreign tourists. `As for 'charred tea', we are using two to three pieces of leaves. The processing is done by drying it with the 'sangan' method. It is dried on earthen jar heated by fire on the bottom,` he said. He said Samigaluh's charred tea does have a `weird` taste, as it has a bitter astringent taste and also charred. `A weird taste. But with a bit of sugar the taste will be exclusive indeed. `We have a contract with a hotel in Bali. Every month we send two quintals of white tea, as well as some charred tea. There it is said foreign tourists prefer charred and white tea over scented tea,` he said. Sukohadi also said that on one side of his farm land a coffee shop is currently being built. He wants to complete the tea farm in the Nglinggo area with a tea house. He himself owns 2.5 hectares of land. `Currently, every Saturday and Sunday hundreds of visitors come to our tea farm. Enjoying the fresh air and the beautiful natural scene. They take a lot of selfies. It would be ideal if they could also drink tea in the middle of the tea farm,` he said.
Editor: B Kunto Wibisonohttp://www.antaranews.com/berita/542179/petani-kulon-progo-produksi-teh-berbagai-rasa

Weekend Arabica Coffee Prices Spike on Colombian Logistics Disruptions

25

Jan

Weekend Arabica Coffee Prices Spike on Colombian Logistics Disruptions

On Friday, Capital Economics, a London-based research consultancy, said it sees only a limited recovery in coffee prices over the coming year, as a [...]

Weekend Arabica Coffee Prices Spike on Colombian Logistics Disruptions. On Friday, Capital Economics, a London-based research consultancy, said it sees only a limited recovery in coffee prices over the coming year, as a forecast 2 percent increase in global demand from the U.S. Department of Agriculture easily outstrips an expected 0.4 percent gain in world output. In the immediate future, the fact that the currencies in Brazil and Colombia have weakened sharply against the dollar is encouraging exports as producers take advantage of the favorable exchange rate to sell dollar-priced beans, drawing down stockpiles in producing countries. However, the International Coffee Organization said Friday that this year is likely to see the first increase in global production in three years, and analysts predict ample rains will boost Brazil’s crop next year. ICE Futures U.S. March arabica coffee settled up 1.60 cents, or 1.40 percent, at $1.1600 per lb. Vibiz Research Center analysts estimate that the movement of arabica coffee prices on the ICE Futures New York will continue in a bearish pattern. The availability of production with plentiful rainfall in Brazil may increase expectations of increased production. Likewise, the potential for a stronger dollar with interest rate increases in the United States and the expected subsequent gradual increases will be potential triggers for weakening arabica coffee prices. ICE Futures New York arabica coffee is likely to test the support level at 1,1300 dollars and 1,1000 dollars, while resistance will be seen at 1,1900 dollars and 1,2200 dollars in the event of a continued increase. Freddy/VMN/VBN/Analyst-Vibiz Research Center Editor: Asido Situmorang
http://www.kpbn.co.id/adm/berita/index.php?sid=8d4112ce0aabe7aeef422c136a222624

CPO PRICE JAN 21: Malaysian Export Data Weighs on Palm Oil Rebound

21

Jan

CPO PRICE JAN 21: Malaysian Export Data Weighs on Palm Oil Rebound

April 2016 CPO futures, the most actively traded contract on Bursa Malaysia, was opened rising 0.12% to 2,458 ringgit, or Rp7.8 million, per [...]

CPO PRICE JAN 21: Malaysian Export Data Weighs on Palm Oil Rebound. April 2016 CPO futures, the most actively traded contract on Bursa Malaysia, was opened rising 0.12% to 2,458 ringgit, or Rp7.8 million, per ton.
However, the commodity immediately turned around and fell. CPO price weakened 0.29% to 2,448 ringgit per ton at 10.21 WIB.
CPO price is still depressed at a time when the commodity of vegetable oil substitute begins to rebound. Soybean oil price this morning rose by 0.34% to US$29.91 per pound, whereas WTI crude oil price rose by 1.13% to US$28.67 per barrel.
Negative sentiment that still affects CPO price trading is Malaysian export performance. SGS Testing Service estimates that Malaysian CPO export decreased by 10.5% year-over-year to reach 666,288 tons on December 1–20, 2016.
April 2016 CPO Contract Price Movement

Date

Level

Change

January 21, 2016(10.21 WIB)

2.448

-0.29%

January 20, 2016

2.455

-0.93%

January 19, 2016

2.478

+0.32%

January 18, 2016

2.470

+0.24%

January 17, 2016

2.464

+0.28%

Source: Bloomberg

20

Jan

U.S. oil price drops below $28 in Asia

The U.S. benchmark, West Texas Intermediate (WTI) crude for February delivery, fell as low as 27.92 U.S. dollars a barrel before recovering slightly. [...]

18

Jan

Malaysia Export Surge Lifts Palm Oil

Citing Bloomberg, Friday (January 15), the price of CPO with delivery contract in February contract on Malaysia Derivative Exchange rose 0.42% to the [...]

Malaysia Export Surge Lifts Palm Oil. Citing Bloomberg, Friday (January 15), the price of CPO with delivery contract in February contract on Malaysia Derivative Exchange rose 0.42% to the level of RM 2,412 per metric ton. The value was equal to US$ 544.43 per metric ton. However, in the last week, CPO is degraded by 0.94%.
The increase in CPO price is supported by the increase of export of CPO in Malaysia. Intertek report showed that the export of CPO in Malaysia during the period of January 1-15, 2016 rose 4.3% to 486,846 compared to the same period last month.
Commodity analyst, Deddy Yusuf Siregar, said that the increase of export of CPO in Malaysia gives positive sentiment to the price of CPO. The thing that is inhibiting CPO now is the movement of the price of world’s crude oil that still tends to be bearish. “If the price of crude oil is suppressed continuously, CPO will find it difficult to increase,” he said.
However, the price of CPO can survive since there is a support from El Nino Storm. Dry weather due to El Nino is predicted to affect the production of CPO.

Bayu Khrisnamurti, President Director of CPO Fund Public Service Body, once said that Indonesia’s CPO output will stagnate or decrease by around 3% to 30.6 million tons to 32.3 million tons in 2016.
Then, La Nina storm is also predicted to approach the region of Southeast Asia in the second semester this year. If El Nino can cause dry weather, then La Nina can bring flood, which results in the delay in harvesting CPO. The effect will still inhibit the production.
Dedy said that if the production is lower than the demand, then the stockpile of CPO will eventually decrease or even run out. The hope is, this could encourage the increase in the price of CPO.
Dedy predicted that the impact of El Nino will start to be felt in the first semester this year. “It is possible that the price of CPO will go up to RM 2,400 per metric ton in the first semester,” he added.
http://jambi.tribunnews.com/2016/01/18/kenaikan-ekspor-malaysia-mengangkat-harga-cpo
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RUBBER PRICE JANUARY 13: Increased 4.36% Driven by Thailand's Policy

13

Jan

RUBBER PRICE JANUARY 13: Increased 4.36% Driven by Thailand's Policy

The rubber price opened 0.20% lower at 146.60 yen, down from yesterday's 146.90 yen. The closing price was the lowest for the most active contract at [...]

RUBBER PRICE JANUARY 13: Increased 4.36% Driven by Thailand's Policy. The rubber price opened 0.20% lower at 146.60 yen, down from yesterday's 146.90 yen.
The closing price was the lowest for the most active contract at the Tokyo Commodity Exchange since June 2009.
The president of Rubber Grower and Processors in Thailand, Uthai Sonluksub said that this price support was in line with the farmers' proposal to increase the value added from rubber products and increase farmer incomes.
`The government has moved in the right direction to promote the production of value-added goods from rubber.  The government plans to buy goods from rubber,`he said, as quoted by Bloomberg.
Rubber Contract Price Movement at TOCOM

Date

Price (Yen/Kg)

Change

13/1/2016

153.30

+4.36%

12/1/2016

146.90

-1.74%

8/1/2016

149.50

+0.47%

7/1/2016

148.80

+0.40%

6/1/2016

148.20

-1.59%

Source: Bloomberghttp://market.bisnis.com/read/20160113/94/509273/harga-karet-13-januari-dikerek-kebijakan-thailand-harga-naik-436-

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