Coffee exports decline by a third

Coffee exports decline by a third
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First Published: Sat, Mar 03 2007. 02 53 AM IST
Updated: Sat, Mar 03 2007. 02 53 AM IST
Mumbai: Coffee exports from India, which accounts for 4.5% of global production, fell by a third in the first two months of the year, the Coffee Board said.
Nestle India Ltd. and other companies shipped 9,385 metric tonnes, compared with 26,152 tonnes a year ago, the state-run Board said on its Web site. Exports included 5,247 tonnes of robusta beans, used to make instant coffee.
The Board has issued permits for exports of 31,725 tonnes so far this year, up 10 percent from a year earlier. The state-run agency said 1,282 tonnes of imported coffee was re-exported.
Coffee exports may fall 13% this year to 200,000 lower inventories and rising domestic demand, the Coffee Exporters’ Association of India said last month.
The country may produce 288,000 tonnes, the Board forecast in December.
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First Published: Sat, Mar 03 2007. 02 53 AM IST
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