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Coffee Exports at 3.26 Lakh Tonne, Exceed Current Year’s Production |
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Coffee exports from India have touched 3.26 lakh tonne so far in the current crop year compared to 2.37 lakh tonne shipped in the same period a year ago. With this, the country achieved exports higher than the production in the current crop year.
In India, the crop year runs from September through October. The board estimated that the production for 2010-11 stood at 3.02 lakh tonne including 2.07 lakh tonne of Robusta and 94,140 tonne of Arabica.
The country fetched $955 million till-date in the current crop year, up from $509 million recorded in the same period a year ago while the average price for the commodity increased to R1,33,858 per tonne compared to R1,02,532. In rupee terms, the foreign exchange through coffee exports stood at R4,368 crore compared to R2,437 crore in the same period.
Talking to FE, All India Coffee Exporters Association (AICEA) president Ramesh Rajah saidthe Coffee Board’s estimation was, however, not precise. According to AICEA estimates, he said coffee output stood at 3.25 lakh tonne for the last season. The major increase came from Robusta. He added that Arabica production could be in the range of 90,000 while the remaining output was of Robusta.
Rajah said the carry forward stock for the current year stood at 20,000 tonne. So far in the current calender year, the country exported around 2.30 lakh tonne of coffee. Another 30,000 tonne will be exported by the end of December while the domestic consumption will be in the range of 80,000 tonne this year.
The exporters remain upbeat following the higher projection by the board for the next crop season. According to Post-Blossom projection by the board, the country is expected to produce 3.22 lakh tonne of coffee including 1.04 lakh tonne of Arabica and 2.17 lakh tonne of Robusta forthe next crop year 2011-12.
The coffee output in Karnataka is expected to increase to 2.28 lakh tonne from 2.13 lakh tonne recorded in the previous year. Production in Kerala is expected to rise to 69,000 tonne from 66,000 tonne and Tamil Nadu’s output is likely to touch 18,500 tonne compared to 16,600 tonne a year ago.
Source : imagesfood.com
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