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 ...
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 ...
