Breaking News

You are here » Indian-Commodity  :  Commodities  :  Coffee  :  World coffee exports surges 3% to 107.8 million bags: ICO


World coffee exports surges 3% to 107.8 million bags: ICO

World coffee exports surged by 3% to 107.8 million bags in the last coffee year, which ended in September, on the back of increased shipments from Vietnam, Indonesia, and Mexico among others. International shipments of the coffee stood at 104.7 million bags (of 60 kg each) in 2010-11 (October-September).

As per the International Coffee Organisation (ICO), exports in 2011-12 coffee year recorded a rising trend in Vietnam, Indonesia, Mexico, Cote D' Ivorie, Costa Rica, Ecuador, Guatemala, Nicaragua, etc. Yet, the shipments of the brew declined in major exporting countries of Brazil, Columbia, Ethiopia and India.

The exports of Arabica totaled 66 million bags compared to 67.8 million bags last year, while robusta exports amounted to 41.8 million bags compared to 36.9 million bags in 2010-11.

World coffee exports rose by 3% to 7.94 million bags in Sept 2012 compared with 7.71 million in Sept 2011. The world coffee production has been projected at 134.3 million bags in the 2011-12 crop year against the previous year same period since the shortfall in output in Brazil was compensated by Vietnam, Peru and Honduras.

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,......