Coffee exports surge 6% in first seven months of 2008

Coffee exports surge 6% in first seven months of 2008
PTI
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First Published: Mon, Aug 04 2008. 03 20 PM IST
Updated: Mon, Aug 04 2008. 03 20 PM IST
New Delhi: India’s coffee exports have shot up by 6% in the first seven months of this year to 1.50 lakh tonnes, on the back of favourable government policy.
According to a data released by the Coffee Board, the total provisional exports of coffee, including re-exports, in the first seven months of 2008 stood at 1.50 lakh tonnes, compared to 1.42 lakh tonnes in the year-ago period.
“The surge in exports can mainly be attributed to the incentives given by the Commerce Ministry, which helped exporters offset, to some extent, the rise in inland and overseas transport costs,” Coffee Exporters Association president Ramesh Rajah told PTI.
The provisional re-export of coffee, which has almost doubled to 14,597 tonnes from last year’s 7,528 tonnes, has also contributed to the rise in the total coffee export numbers.
The provisional exports of coffee have inched up to 1.36 lakh tonnes from 1.34 lakh tonnes between January and July this year, the Board said.
Re-exports of coffee refer to the imported coffee components which get exported after value addition in the country.
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First Published: Mon, Aug 04 2008. 03 20 PM IST