Govt plans to merge all five commodity boards
The Dollar Business Bureau The government is planning to merge all the commodity boards and establish an umbrella organisation, a decision aimed at improving production and exports of crops such as coffee, tea and spices. The Ministry of Commerce pointed out that some of these commodity boards were established prior to independence, but their merger could harmonise their activities, leading to enhanced exports. The five commodity boards are responsible for output, development and outbound shipments of coffee, rubber, spices, tea and tobacco. “India has a huge potential to boost agri exports. One board will provide better services. So, we are working to form one specialised body with different verticals,” according to a senior commerce ministry. The Coffee Board was constituted in accordance with the Coffee ...
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 ...
India cuts coffee production estimate for 2016-17 by 1%
The Dollar Business Bureau Coffee production in India is likely to be 3,16,700 tonnes for the crop year 2016-17, downward by 1.03% from the earlier estimate of expected output drop due to poor monsoon. Total coffee production in India was 3,48,000 tonnes in the crop year 2015-16 (October-September). “The overall output for 2016-17 is placed at 3,16,700 tonnes, marginally lower by 1.03% over the previous estimate of 3,20,000 tonnes for the same period,” Coffee Board said while releasing its second crop projections. While comparing to the previous year’s actual production, the coffee output this year is likely to be lower by 7.05%, it said. The production of Arabica is likely to drop to 96,200 tonnes in the current crop year from last year’s 1,03,500 tonnes, whereas ...
Rise in consumption, weak global demand hit Indias coffee exports
The Dollar Business Bureau Increasing domestic consumption and weak demand in the European markets have led to a continuous fall in India’s coffee exports. The value of coffee exported by India in April 2015 was $77.5 million, about 25% lower than that recorded a month ago, as per data issued by the Ministry of Commerce. Though India registered a marginal increase of 0.52% in coffee exports between April 2014 and March 2015, as compared to the previous year, the country’s overseas shipment is expected to fall by 5.6% during the ongoing marketing year till September. India's coffee exports are likely to decline to 4.7 million bags in the ongoing marketing year ending in September due to weak demand from ...
Indias 2014 coffee exports decline despite high global prices
Average international coffee prices were up around 30% y/y in 2014, but Indias export value of coffee increased marginally to around $819 million The Dollar Business Bureau Indian coffee exporters have probably missed out on an opportunity to boost exports by value significantly in 2014, partly because they were unprepared for the price fluctuations seen last year. According to the Coffee Board, India exported about 3,01,243 tonnes of coffee in calendar year 2014, which is down about 3.5% from around 3,12,364 tonnes exported in the previous year. In terms of value, Indias coffee exports have grown to around $819.04 million in 2014, up slightly from $814.89 million in the previous year. Much of the increase in exports was seen in exports of Arabica ...
