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India’s coffee exports surges 18.15 Percent in 5 months

India’s coffee exports surges 18.15 Percent in 5 months

Country’s coffee exports grew by 18.15 % to 1,63,615 tonnes in the April to August months of the ongoing 2016-2017 financial year despite lower value realization, as per the Coffee Board release. India had shipped 1,38,479 tonnes of coffee during the first 5 months of FY 2015-2016.

As per the board’s release, there has been an increase in the export of robust variety of coffee beans as well as instant coffee during the April-August months of FY 2016-2017, said the PTI report.

Moreover, the overseas sales of coffee rose despite lower export realization and likely fall in the domestic output in the 2016-2017 crop year (Oct-Sept), the reports added.

However, the export realization remained lower at Rs 1,49,482/tonnes in the April-August months of current fiscal, as compared to Rs 1,68,408 per tonnes during the same period previous fiscal.

The coffee production is estimated to dip by 8.75% to 3,20,000 in the 2016-17 crop year as against 3,48,000 tonnes in the previous year, on account of lack of timely rains & high temperature during the crucial flowering stage.

 

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