Some Tanzanian officials still believe that the crop-size is 10 to 33 percent down this year compared to last year. Farmers of the Sulawesi region of Indonesia also lost their last crop harvest due to heavy thunderstorms.
However, Tanzanian industry can not process their complete harvest even if they open all the closed factories.
— India is the logical buyer on account of the $5.00/LB/W320/Domestic market for the premium quality.
— Vietnam is also the right choice for all other reasons, like – ‘Mechanized processing, Large-scale facilities and disciplined labour’.
Instead of auctions, price negotiation theory might solve all the problems.