Global coffee exports decline 3% in Oct-Nov bl-premium-article-image

PTI Updated - January 06, 2012 at 02:37 PM.

Global coffee exports fell 3 per cent to 15 million bags in October-November, the International Coffee Organisation (ICO) has said.

Worldwide shipments of the brew stood at 15.5 million bags of 60 kg each in the October-November period of the 2010-11 coffee year (October-September), ICO data said.

Exports in November 2011 rose marginally to 7.78 million bags from 7.75 million bags in the same period of the previous year. Exports had declined by 9 per cent to 7.11 million bags in October 2011 against 7.79 million bags in October 2010.

For the 12 months ended November 2011, arabica coffee shipments totalled 67.1 million bags compared with 63.5 million bags last year, while that of robusta amounted to 36.9 million bags compared with 32.1 million bags in the same period.

In 2010-11 coffee year, world coffee exports rose 9 per cent to a record 103.1 million bags against 94.3 million bags in the 2009-10 coffee year, as per ICO data.

ICO has also revised its global coffee production estimate for the current coffee year to 128.6 million bags, which is 1.2 million bags more than the forecast it made in November last year.

In 2010-11 crop year, world coffee production is estimated at 133.1 million bags, which includes 83.2 million bags of arabica and 50 million bags of robusta variety.

Published on January 6, 2012 09:05