Breaking News

You are here » Indian-Commodity  :  Commodities  :  Coffee  :  Coffee Exports Increases By 55% In June


Coffee Exports Increases By 55% In June

India's coffee export for the month of July registered a growth of 55%, mainly due to robust demand from global market. As per the data released by the Coffee Board, country's coffee exports increased by to 40,000 tonnes from 25, 710 tonnes in the same month last year.

However, the growth in coffee export is quite low compared to first two months of current financial year. Coffee exports fell by over 100% compared to May and around 6% from April. The shipment of coffee in month of May stood at 80,376 tonnes and in April coffee exports was 42,611 tonnes.

On this moderation in coffee exports, All-India Coffee Exporter's Association President Ramesh Raja said 'The downturn (coffee exports) was expected. Coffee exports have been down due to low carry-overstock and a drop in global prices, as the new crop has started to hit the market.' The moderation in exports of coffee is expected in coming months, Ramesh Raja said, 'In the coming months, we expect the shipments of coffee to come down.'

Coffee exports grew in the January-May, 2011, period as India took advantage of global demand opportunities following production shortfalls in major growing countries Brazil and Columbia. During January to May 2011, India's coffee exports increased by 43% to 1, 81,308 tonnes from 1, 27,160 tonnes in the corresponding period of last year. Western countries are traditional market for India's coffee exports. India largely exports coffee to European countries like Italy, Germany, Belgium, the Russian Federation and Spain.

Related News

View all news

Govt unveils blockchain-based coffee e-marketplace to help farmers get fair prices

With an aim to help farmers to integrate with markets, the commerce ministry has launched a blockchain-based coffee e-marketplace. With this, farmers can realise fair prices for the commodity. The blockchain......

Coffee exports rises 8.08% to 3.61 LT in Jan-Nov period

The exports of coffee from India rose by 8.08% to 3.61 lakh tonnes (LT) in January-November 2017 compared to 3.34 LT in the same period of last year. India, Asia's third-largest producer and exporter,......

India's coffee output pegged at record 3.5 LT in 2017-18: Coffee Board

The production of coffee in India is projected to be at record 3.50 lakh tonnes (LT) in the 2017-18 marketing year on account of higher acreage. Of the total output of 3.50 LT, the Coffee Board estimates......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......