Due to weak global prices and sluggish domestic stocks the country's export of coffee during 2012-13 fiscal slipped below last year's record level by 9.79% and stood at 310,612 tonnes. The coffee exports had touched an all-time high of 344,356 tonnes in the previous financial year, as per reports compiled by Coffee Board. The all-time high was due to rising prices which prompted traders to sell even their old stock.
For 2012-13, the performance of coffee exports has been fairly good and has crossed target of 2.90 lakh tonnes. The exports on the other hand have slightly lowered compared to the record 2011-12 level. The fall in shipments was mostly because of falling global prices of arabica variety. Also, domestic stocks were not enough for export purpose as much of the old coffee stock got depleted in 2011-12.
In value terms, during 2012-13 fiscal the coffee shipments dropped to Rs 4,737.02 crore compared with Rs 4,836.98 in the previous year while the export realization remained slightly higher at Rs 1,52,506 per tonne against Rs 1,40,464 per tonne.
India largely exports coffee to Italy, Germany, and Russian Federation among others. Besides coffee bean, the country also exports instant coffee. For the 2012-13 crop year (October-September) period, the Coffee Board has pegged production at 315,500 tonnes, a marginal increase of 1,500 tonne over the final estimate of 314,000 tonnes in 2011-12.