India’s coffee exports up 13% till August
Coffee exports from India increased to 1.43 lakh tonnes during April-August this year, up more than 13% from 1.26 lakh tonnes shipped during the same period of the last fiscal. According to the Coffee Board data till September 3 this year, the value of total export during April-August period was $378 million, up 5.58% from the previous year’s figure of $358 million. In rupee terms, the country’s export value increased by 12.38% from Rs.2,148 crore last year to Rs.2,414 crore this year during the same period. India’s overseas shipment witnessed growth despite lower rate of export realisation due to sharp fall in the global cofee prices. Prices fell in the international market after the currency of Brazil, the world’s largest coffee supplier, depreciated. The Coffee Board data showed export realisation at Rs.1,68,366 per tonne during April-August 2015, against Rs.1,70,352 per tonne in the same period last year. Major importers of Indian coffee were Italy, Germany, Russian Federation, Belgium and Turkey. The import of these countries together constituted more than 1lakh tonnes of shipment from India. During the entire crop year of 2014-15 (October-September), India’s total coffee production was 3.27 lakh tonnes, while the annual output is estimated to be cross 3.50 kakh tonnes this year.
September 07, 2015 | 4:39pm IST.