Financial Times FT.com

Credit crunch sends coffee prices tumbling

By John Aglionby in Jakarta and Tim Johnston in Bangkok

Published: October 14 2008 23:04 | Last updated: October 14 2008 23:04

Tumbling coffee prices are prompting some exporting countries to stockpile the bean in an attempt to push prices higher as the global financial crisis makes it harder for traders to secure credit to buy inventories.

Coffee exporters in Indonesia, the world’s largest producer, on Tuesday threatened to halt shipments until prices recover and said they were seeking government help to address the crisis.

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