India’s Coffee export surge 53 in Jan July (04-Aug-2010)
Coffee exports from India, the fifth-largest coffee producer in the world and the third-largest in Asia, surged by 53% to 1.78 lakh tonne in the first seven months of this year, compared with 1.16 lakh tonne in the same period last year. The countries which account for most of the coffee exports from India are countries such as Italy, Russia, Germany and Belgium. Further, the country's coffee output has increased to 2.89 lakh tonne in the current year against 2.62 lakh tonne in the previous year. The surge in the export was witnessed on the back of higher domestic output along with strong global demand.
“There is very good demand from our traditional buyers this year,†said HN Devaraj, a member of the Coffee Board and a large trader from Diwan Gudda Estate in Hassan district of Karnataka, the country’s biggest coffee producing state.
During January-July, realization from exports stood at about Rs 1,798.85 crore against Rs 1,254.41 crore in the year-ago period. The unit per value realization stood at Rs 1,00,911 per tonne. Out of the total exports, shipment of robusta variety rose to 97,650 tonne from 65,393 tonne, while arabica coffee increased to 35,131 tonne from 22,757 tonne.
Though the World coffee production is falling on unfavorable climatic conditions that are believed to hamper plantations across the world, back home in India the crop situation is seen reversed. Agriculture experts anticipate further increase in the coffee output this year, mainly on the back of improved rains and better planting. However, strengthening of rupee and hike in ocean freight rates may hit shipments adversely despite higher domestic supplies.
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