Coffee exports from India has declined 7.52% in the first-four months of this coffee crop year (October 1, 2011 to January 31, 2012) at 79,021 tonnes compared to previous year's exports of 85,455 tonnes, mainly on the back of lower stocks and rising local demand.
Though, coffee exports in rupee terms was up 20.12% at Rs 1,200.92 crore as against Rs 999.72 crore in the same period last year. In dollar terms, it is up 11.02% at $243.05 million as against $218.91 million. As per coffee board statement, in value terms, the exports rose to $243.05 million from $218.91 million a year ago. In terms of unit value realisation, Indian coffee fetched Rs 1.51 lakh per tonne as against last year's realisation of Rs 1.16 lakh per tonne. Exporters in December took advantage of rupee depreciation against the dollar and exported substantial portion of their commitment.
Demand for coffee has been growing at about 6% annually for the past couple years in India. It is fifth biggest producer, accounting for just 4.5% of the world's output, but exports 70-80% of its produce. Italy, Russia and Germany are the top three buyers of Indian coffee.
Meanwhile, the International Coffee Organisation (ICO) has said that global coffee exports rose by 11% to an all-time high of 104.5 million bags in the 2010-11 coffee year. The global body on coffee has also revised its production estimate for the brew in the 2011-12 coffee year. Coffee output is expected to decline by 1.3% to 132.4 million bags in the 2011-12 coffee year from 134.2 million bags in the 2010-11 coffee year. Coffee exports from Brazil, the world’s largest producer and shipper, fell 25% in January from a year earlier.
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