Indian coffee export value dips despite high global prices
Vanita Peter D’souza | @TheDollarBiz High domestic prices in India are likely to dampen exports this year Global prices of coffee have surged this year due to a supply crunch in Brazil, but Indian coffee exports show no signs of a recovery in terms of value, as per the latest estimates by the Ministry of Commerce. According to the International Coffee Organisation (ICO), average prices touched a high of around 185 cents/lb in Oct 2014, up 85% compared to year ago levels of around 100 cents/lb. ICO says that this price swing is almost entirely due to weather reports from Brazil, with dryness at the beginning of the month spurring prices higher, before scattered showers dampened any bullish spirits. ICO ...
