Indias coffee exports grew 11.51% to $92.42 mn in April
The Dollar Business Bureau Coffee exports from India recorded a growth of 11.5% year-on-year in April this fiscal on account of robust demand in the world markets. The country exported $92.42 million worth of coffee during the month. The country’s shipment of coffee stood at $82.88 million in the same month last year, as per the data by Ministry of Commerce. In terms of rupee, the exports witnessed a growth of 8.22% at Rs.596.17 crore in the given month. India primarily exports Arabica and Robusta varieties of the commodity, in addition to instant coffee. The country’s key export destinations are Belgium, Italy, Greece, Germany, Spain and Switzerland. Coffee is one of the world’s most extensively traded agriculture commodities. India’s share is around 4.5% in the overall ...
Record high productivity and good prices raise coffee exports by 18% in 2016
Sneha Gilada Indian coffee exports are up 18% in 2016 when compared to 2015, according to a report released by the Coffee Board on 2 Jan '16. "The 2015-16 coffee crop achieved a record high of 3,48,000 MT of production. Due to great productivity and improved global prices in the second half of the year, exports have performed well," says an official from the Marketing and Research division of Coffee Board of India, Karnataka. In terms of quantity, India has exported about 55,000 tonnes more in 2016. (305680.574 tonnes in 2015 to 360949.623 tonnes in 2016). While re-exports have increased by 23%, indian coffee exports have a slightly lower contribution of 16% to this overall improvement. Despite a drop of 8% in the average per unit (tonnes) value of coffee, annual export realisation has surged from 5149.50 crores in 2015 to 5568.13 crores in 2016. Arabica and Robusta, the two primary varieties ...
Brazilian brew dilutes coffee value
The Dollar Business Bureau Uncertainty looms large over India’s coffee exports in the wake of falling coffee prices globally following the forecast suggesting bumper crop in Brazil and Vietnam, the two major coffee producers and exporters of the world. With coffee harvest of Brazil to be better-than-expected in the coming season, the prices in the international market are likely to move further downwards. This comes as a bad news for the Indian exporters since a high production from the two coffee majors will leave them with limited demand overseas. According to the industry players, the unexpected high production from Brazil has upset the calculations. “Brazil traditionally has harvested its coffee on a two-year cycle, between ‘on’ and ‘off’ years. Since last season ...
