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Indian-Commodity  :  Commodities  :  Coffee  :  Export of coffee drops 4.45% at 191,055 tonnes in the first six months

Export of coffee drops 4.45% at 191,055 tonnes in the first six months (03-Jul-2013)

The export of coffee has dropped by 4.45% and stood at 191,055 tonnes in the first six months of the current calendar year compared to 199,969 tonnes shipped in the same period last year. The drop was due to sluggish global prices on anticipation of higher production from other countries. In value terms, the overall exports of coffee remained slightly lower at Rs 2,818.35 crore during the period against Rs 2,955.35 crore last year.

As per data compiled by Coffee Board, the export of robusta coffee fell 7% and stood at 103,296 tonnes in the first six months of 2013 against 110,983 tonnes in the year-ago period. The shipments of arabica variety fell by a little over 4% to Rs 39,367 tonnes from Rs 41,026 tonnes, while instant coffee exports declined by 32% to Rs 12,153 tonnes from Rs 17,826 tonnes. The export realization was lower at Rs 147,515 per tonne.

Due to sluggishness in global prices Indian exporters are cautious in taking orders. This sluggishness is due to higher supplies expected from major coffee-producing countries like Brazil, Vietnam and Indonesia this year. Most of the Indian coffee has been shipped to Italy, Germany and the Russian Federation.

For 2012-13 crop year(October-September) period, the board has pegged coffee production at 315,500 tonnes, a marginal increase of 1,500 tonnes over the final estimate of 314,000 tonnes in 2011-12.


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