Coffee Exports Decline By 15% In First Quarter Of Coffee Year 2010-11 (17-Jan-2012)
Indian coffee exports declined by 15% to 58,598 tonnes in the first three months of the ongoing 2011-12 coffee year. As per coffee board's data, the country had exported 68,740 tonnes of the brew in the October-December period of the 2010-11 coffee year (October-September).
India mostly exports coffee to Italy, Germany, the Russian Federation, Belgium and Spain. The Coffee Board expects exports to be lower in the current fiscal and decrease by around 14% to 2.40-2.50 lakh tonnes in the 2011-12 fiscal from 2.94 lakh tonnes in the 2010-11 fiscal.
The coffee board's data shows that exports from India declined by 7% to 20,000 tonnes in December, 2011, from 21,576 tonnes in the year-ago period after witnessing a rebound in November, 2011.
India's coffee exports had surged by 22% to 19,403 tonnes in November, 2011, from 15,927 tonnes in the corresponding year ago period but afterwards the exports declined in December, 2011.The overseas shipment from India has declined earlier too by 20% to 19,195 tonnes in October, 2011, from 24,119 tonnes in the same period of the previous year. Nevertheless, India's coffee exports rose by 28% to an estimated 3.50 lakh tonnes in the 2011 calendar year from 2.74 lakh tonnes in the 2010 calendar year.
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