Sunday, January 16, 2011

Volcano Should Terrify Coffee Lovers

Volcano Should Terrify Coffee Lovers : Indonesian authorities are preparing to evacuate the residents of Lampung in Sumatra over concerns the Anak Krakatau volcano may be about to erupt,

The volcano is said to be at a distance from the Panjang port, but authorities are concerned about the potential for a tsunami.

Officials said that coffee production would be minimally impacted in the event of a tsunami but are preparing to relocate 40,000 people due to the threat.

Lampung in Sumatra accounts for 85% of Indonesia' coffee production. The nation is the world's fourth largest producer of coffee and expects to produce 709,000 tonnes in 2011.

In 2009, US imports of Indonesian coffee amounted to $200 million, a $40 million drop in the wake of the crisis. Indonesia is also the world's second largest producer of robusta coffee, and it's futures gained $22 in the London market, according to Bloomberg.

Lampung also produces the world's most expensive coffee, the Kopi Luwak which comes from a coffee-berry plant and passes through the digestive system of a civet. The coffee can cost as much as $227 for a pound, according to the New York Times. The Anak Krakatau volcano is located between two of Indonesia's larger islands.
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