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Vishwanath Kulkarni

Bangalore , Oct. 3

VOLATILITY in global coffee prices has pushed down country's exports by at least 35 per cent in the first half of the current fiscal.

Coffee exports during April-September stood at 74,564 tonnes compared with 1,14,489 tonnes during the corresponding period a year ago. Export permits issued by the Coffee Board registered a 26 per cent decline for the period at 83,701 tonnes (1,12,868 tonnes).

In value terms, exports were down eight per cent to Rs 540.60 crore in in the first half against Rs 590.13 crore during the year-ago period. However, a recovery in global coffee prices early this year, has resulted in better unit realisation for exporters.

The average unit value realisation for the first half of the fiscal stood at Rs 72,501 a tonne compared with Rs 51,544 during the corresponding period last fiscal.The average unit value realisation for fiscal 2004-05 was Rs 56,909 per tonne.

Despite a slump in the first-half exports, the Coffee Board is optimistic of exports improving during the second half of the fiscal. The board Chairman, Mr G. V. Krishna Rau, had recently said exports would pick up especially in the January-March quarter.

Exports for the coffee year October 2004 to September 2005 saw a decline of 32 per cent to 1,55, 149 tonnes compared with 2,29,576 tonnes in the previous year.

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