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India’s coffee exports rise 3.6% to 3.15 LT in FY’14

05 Apr 2014 Evaluate

India’s coffee exports rose 3.6% and stood at 3.15 lakh tonnes (LT) in 2013-14 compared to 3.04 LT in the 2012-13 fiscal, as per report compiled by the Coffee Board. This rise is on account of a sharp increase in shipments during the fourth quarter buoyed by firm global prices. Of 3.15 LT, export of robustas stood at 1.56 LT, arabica at 62,852 tonnes, instant coffee at 95,084 tonnes.

The exports during the third quarter of the year remained below 20,000 tonnes per month but the shipments again picked up during the fourth quarter with firming up of global prices. The coffee shipments from India, the world’s fifth biggest exporter increased slightly in value terms as well, to Rs 4,800 crore in 2013-14, as against Rs 4,637 crore in the previous fiscal. Maximum exports were to Italy, Germany, Belgium, Jordan, Turkey, and Russia during the review period.

Besides, fuelled by fears over falling production in Brazil, one of top producer, the global coffee prices rose to the highest level in February. The board has pegged the total output at 311,500 tonnes for 2013-14 crop year (October-September) period, down by 2.1% from 318,200 tonnes produced in 2012-13.

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