1. Coffee exports jump 14% to 1.43 lakh tonnes during April-August period

Coffee exports jump 14% to 1.43 lakh tonnes during April-August period

The exports of coffee stood at 1.43 lakh tonnes during April-August period of this fiscal compared to 1.26 lakh tonnes in the year-ago period, according to data compiled by the Coffee Board.

By: | Published: September 7, 2015 11:48 AM
coffee

The exports of coffee stood at 1.43 lakh tonnes during April-August period of this fiscal compared to 1.26 lakh tonnes in the year-ago period. (Reuters)

The exports of coffee stood at 1.43 lakh tonnes during April-August period of this fiscal compared to 1.26 lakh tonnes in the year-ago period, according to data compiled by the Coffee Board.

This jump of 14 per cent in exports of coffee was despite lower global prices. In value terms, the exports rose about 12 per cent to Rs 2,414 crore in April-August 2015, compared to Rs 2,148 crore in the year-ago period.

The exports witnessed a surge despite lower realisation of Rs 168,366 per tonne during the period against Rs 170,352 per tonne last year. Export realisation remained lower due to fall in global prices reacting to the currency depreciation in Brazil.

India exports both Arabica and Robusta varieties, besides instant coffee. The major export destinations for coffee are Italy, Germany, Turkey, Russia and Belgium, among others. The country’s total coffee output has reached a record 3.27 lakh tonnes in the ongoing 2014-15 coffee year.

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