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Indian-Commodity  :  Commodities  :  Coffee  :  Global coffee exports rises by 18% in July this year: ICO

Global coffee exports rises by 18% in July this year: ICO (03-Sep-2012)

Global coffee exports rose by 18% and stood at 9.11 million bags in July this year as compared to the worldwide shipments of the brew at 7.73 million bags of 60 kg each in the same month of 2011, as per the data compiled by International Coffee Organization (ICO). In the current coffee year, the exports have received a boost on back of higher quantity of shipments in July.

Besides, the exports rose by 1.5% to 90.36 million bags in the first 10 months of the current coffee year compared to 89.05 million bags in October-July of the 2010-11 coffee year (October-September) period. However, for the first three quarters of the 2011-12 coffee year, the exports were down marginally to 81.16 million bags from 81.41 million bags in the same period in the last coffee year.

Moreover, on account of drop in shipments by Brazil and Columbia the exports in the first half of current coffee year stood at 51.7 million bags compared to 52.9 million bags in the October-March period of the 2010-11 coffee year, a drop by 2.3%. On the other hand, coffee exports rose marginally to 105.90 million bags for the 12 months ended July 2012 as compared to 105.24 million bags in the year-ago period.


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