Indias H1 coffee exports fall 17%, says Coffee Board

Mar 29 | Updated: Mar 30 2007, 06:47am hrs
Coffee exports from India, which accounts for 4.5% of global output, fell 17% in the first half of the year ending September.

Nestle India Ltd and other companies shipped 79,055 metric tonne, compared with 94,801 tonne a year ago, the state-run Coffee Board said on Thursday on its website.

The beans fetched an average Rs 83,648 a tonne, up 8% from a year earlier. The Board issued permits to ship 118,455 tonne between October 1 and March 27, up 16% from a year earlier.

The state-owned agency said 29,888 tonne was exported in the first three months of the year, down 45% from 54,069 tonne a year earlier.

Italy and Russia were the biggest buyers of Indian coffee in the first quarter of this year accounting for 24% and 14% respectively.

Coffee exports from India may fall 13% this year to 200,000 lower inventories and rising domestic demand, the Coffee Exporters Association of India said in February. India may produce 288,000 tonne, the Board forecast in December.

Bloomberg