Thomas Kutty Abraham/Bloomberg
Mumbai: Coffee exports from India, which account for 4.5% of the global output, fell 17% in the first half (H1) of the year ending September.
Nestle India Ltd and other companies shipped 79,055 tonnes, compared with 94,801 tonnes a year ago, the state-run Coffee Board said on Thursday on its website. The beans fetched an average of Rs83,648 a tonne, up 8% from a year earlier.
The board issued permits to ship 118,455 tonnes between 1 October and 27 March, up 16% from a year earlier. The state-owned agency said 29,888 tonnes were exported in the first three months of the year, down 45% from 54,069 tonnes 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.
Exports from India may fall 13% this year to 200,000 tonnes on lower inventories and rising domestic demand, the Coffee Exporters’ Association of India had said in February. India may produce 288,000 tonnes, the Coffee Board had forecast in December.