India’s coffee exports rise over 7.22% in April
Coffee exports from the country have increased by 7.22 per cent to 31,060 tonnes in April this year compared to the same month in 2014, but value realisation was lower due to sluggish global prices. The country had shipped 28,966 tonnes of coffee in the same period last year, the Coffee Board said in its latest report. According to Coffee Board's data, export value realisation was Rs 1,64,078.56 per tonne in the period under review as against Rs 1,69,561.48 per tonne in the said period last year. "The volumes of exports have increased, but value realisation has come down due to weak global prices," a senior Board official said.
Coffee shipments in value terms stood at Rs 509.63 crore during April of FY 2015-16 as against Rs 491.17 crore in the year-ago. Coffee prices in international markets are under pressure due to production surplus in Brazil, the world's leading producer. Also, Brazil's currency is ruling weak against the US dollar, the official added. India exports both arabica and robusta varieties besides instant coffee. Major export destination for coffee are Italy, Germany, Turkey, Russian Federation and Belgium among others. As per post-monsoon estimate, the country's coffee output is pegged at 3,31,000 tonne for 2014-15 crop year (October-September).