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13-Jul2011

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.

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