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Indian-Commodity  :  Commodities  :  Coffee  :  Coffee exports decline by 2.85% to 172,480 tonnes so far in 2013

Coffee exports decline by 2.85% to 172,480 tonnes so far in 2013 (11-Jun-2013)

The export of coffee from the country has declined by 2.85% and stood at 172,480 tonnes so far in the 2013 calendar year, according to the Coffee Board. The country had exported 177,555 tonnes in the same period of January-June last year. This marginal drop in export was due to weak global prices as global supplies have exceeded demand. Besides, the farmers in Brazil are harvesting new coffee crop since last month despite being unable to sell last year's supplies which further applied some pressure on prices.

As per the Coffee Board data, between January and June first week of this calendar year, the export realization was down at Rs 147,555 per tonne as against Rs 146,991 per tonne in the same period last year. The total coffee exports in terms of value were down at Rs 2,545 crore as against Rs 2,609 crore in the review period. The shipment of robusta coffee bean fell marginally to 93,213 tonnes till first week of June 2013, as against 98,863 tonnes in the year-ago period. Similarly, the export of arabica coffee declined to 35,560 tonnes from 36,843 tonnes in the review period. However, the country re-exported 32,701 tonnes of coffee in the said period, higher than 26,558 tonnes a year ago.

India largely exports coffee to Italy, Germany and Russia. Besides coffee bean, the country also exports instant coffee. For the 2012-13 crop year (October-September) period, the board has pegged coffee production at 315,500 tonne, a marginal increase of 1,500 tonne over the final estimate of 314,000 tonne in 2011-12.


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