India’s coffee exports fell by 7.59% to about $64 million in July this year due to sluggish global prices as compared to exports of coffee worth $69.15 million in July 2014, as per information compiled by the Commerce Ministry. The prices of coffee are under pressure in international market due to surplus production of coffee in Brazil which is the world’s leading producer of coffee.
India exports both arabica and robusta varieties besides instant coffee. The major export destinations for coffee are Italy, Germany, Turkey, Russian Federation and Belgium, among others. The country’s coffee output is pegged at 331,000 tonnes for 2014-15 crop year (October-September), as per post-monsoon estimate, against 304,500 tonnes last year.
Besides, several other agri-product exports declined during July this year, including rice (12%), tobacco (8.84%), spices (8%), oil meals (47%), oil seeds (35%) and fruits & vegetables (16.3%).