Comments
India’s coffee exports rose by 29 per cent to 28,116 tonnes in July this year on the back of robust global demand. The country had exported 21,766.70 tonnes of the brew in the corresponding year-ago period, Coffee Board data said.
The country earned $80.35 million in foreign currency from coffee exports in July, which in rupee terms stood at Rs 366.03 crore. The value realisation of coffee in the same month stood at Rs 1,30,185 per tonne.
However, Coffee Board officials pointed out that on a month-on-month basis, shipments have come down. Coffee exports declined by 30 per cent to 28,116 tonnes in July this year from 40,202 tonnes in June 2011.
According to industry analysts, a downturn in coffee exports was expected. Coffee exports have been declining due to low carry-over stocks and a drop in global prices, as the new crop has started to arrive in the market.
Coffee exports grew in the January-May, 2011, period as India took advantage of global demand opportunities following production shortfalls in major growing countries Brazil and Columbia.
In the January-May, 2011 period, exports of the brew were up by 43 per cent at 1,81,308 tonnes, compared to 1,27,160 tonnes in the same period of the previous year.
India largely exports coffee to Italy, Germany, Belgium, the Russian Federation and Spain.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.