Coffee exports dip 20% during Jan-July on high prices

Coffee exports dip 20% during Jan-July on high prices
PTI
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First Published: Mon, Aug 03 2009. 06 36 PM IST
Updated: Mon, Aug 03 2009. 06 36 PM IST
New Delhi: The country exported over 20% less coffee so far this calender year at about 1.18 lakh tonnes, as high prices of the Indian bean squeezed demand in the overseas market.
According to the data compiled by the state-owned Coffee Board, coffee exports stood at 1.48 lakh tonnes in the same period last year.
“Export orders suffered due to higher prices of the Indian coffee, compared with that of Vietnam, Brazil and the US,” a senior Board official said.
Indian coffee is quoting higher by 10-15% than that of Vietnam and the US in the global market market, a trade source said.
Arabica exports dipped by about 38% to 22,728 tonnes between January and July this year from 36,529 tonnes in the year-ago period, the Board said.
The shipment of robusta coffee, which has twice the amount of caffeine compared with arabica, also declined to 66,157 tonnes against 75,279 tonnes in the last year, it said.
Similarly, the export of instant coffee fell to 17,646 tonnes from 23,751 tonnes in the last year, it added.
The overseas shipment of value-added products, too, declined to 11,461 tonnes, compared with 14,380 tonnes in the year-ago period.
India exports coffee to Italy, Russia, Germany, Belgium and Arab countries.
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First Published: Mon, Aug 03 2009. 06 36 PM IST
More Topics: Commodities | Coffee | Caffeine | Exports | Robusta |