Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Coffee exports plunge 17% from January 1.


Date: 13-02-2020
Subject: Coffee exports plunge 17% from January 1
India’s coffee exports are likely to decline in this quarter owing to a shortfall in the crop and a reduction in the export incentive. Coffee Board figures show a 17 per cent drop year-on-year in exports from January 1 to February 11. The industry expects the trend to continue in the coming weeks. In 2019, exports were marginally higher than in the previous year.

“Arabica arrivals were bad and now robusta volumes coming to the market are slow. As a result, exports are lower than a year ago,” said Ramesh Rajah, president of Coffee Exporters Association.

In the first quarter of 2019, better carryover stock had enabled higher shipments.

India exports 70 per cent of its coffee production.

Since January 1, the export incentive for coffee has been reduced to 3 per cent from 5 per cent, a dampener for shipments.

“The current level of incentive is not enough. We are waiting for remission of duties and taxes on export product (RoDTEP) scheme, which may take another three months,’’ said Rajah.

Though the coronavirus outbreak has not directly impacted coffee exports, exporters said a prolonged impact would hit shipments. “In Asia , South Korea is a significant buyer. If the epidemic continues, then we fear a disruption in the supply of empty containers for export as most of them come from Southeast Asia,’’ said Rajah. Coffee growers are expecting a 25-30 per cent fall in coffee production this year. The arabica bean harvest is over while that of robusta is coming to an end in the main  ..

The situation is no different in Wayanad in Kerala. “Almost 80 per cent of berry picking is over and we see a 10 per cent fall from last year. To make matters worse, prices are down over 10 per cent from last year at ₹66 per kg for robusta cherry,’’ said Prashant Rajesh, secretary of Wayanad Coffee Growers Association.

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 01-02-2023
Notification No. 11/2023-Customs
Seeks to amend the notification Nos. 90/2009-Customs, dated the 7th September, 2009, 33/2017-Customs, dated the 30th June, 2017, and 41/2017-Customs, dated the 30th June, 2017 to extend the validity of said notifications up to the 31st March, 2028.

Date: 01-02-2023
NOTIFICATION No. 07/2023-Customs
Seeks to further amend notification No. 230/86-Customs related to Project Import Regulations.

Date: 01-02-2023
Notification No. 06/2023-Customs
Seeks to further amend notification Nos. 25/1999-Customs, 25/2002-Customs and 57/2017-Customs related to certain electronic items.

Date: 01-02-2023
Notification No. 10/2023-Customs
Seeks to further amend notification No. 146/94-Customs, dated the 13th July, 1994 to extend the exemption benefit to Warm blood horse for equestrian sports and extend the validity of said notification up to the 31st March, 2028.

Date: 01-02-2023
Notification No. 09/2023-Customs
Seeks to further amend notification No. 57/2000-Customs which exempts gold, silver and platinum imported under specified schemes.

Date: 01-02-2023
Notification No. 08/2023-Customs
Seeks to further amend notification No. 22/2022-Customs regarding India-UAE Comprehensive Economic Partnership Agreement.

Date: 01-02-2023
Notification No. 05/2023-Customs
Seeks to rescind notification Nos. 13/2021-Customs and 34/2022-Customs, related to Social Welfare Surcharge (SWS).

Date: 01-02-2023
Notification No. 04/2023-Customs
Seeks to further amend notification No. 11/2018-Customs, dated 2nd February, 2018, to revise/provide Social Welfare Surcharge (SWS) exemption(s) on specified goods.

Date: 19-01-2023
Notification No. 05/2023 - Customs (N.T.)
Exchange rate Notification No. 05/2023-Cus (NT) dated 19.1.2023.

Date: 16-01-2023
Notification No. 04/2023-Central Excise
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022 , to reduce the Special Additional Excise Duty on Diesel.



Exim Guru Copyright © 1999-2023 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001