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India coffee prices lower on poor export demand.


Date: 30-01-2010
Subject: India coffee prices lower on poor export demand

MUMBAI, Jan 29 (Reuters) - Prices at the Indian Coffee Association's Thursday auction fell in absence of export enquiries, auctioneers said on Friday.

The total quantity on offer at the auction was 200.7 tonnes of which only 42 tonnes were sold, an auctioneer said.

The new season Arabica Plantation A and AA and C grade sold at lower levels than than last week.

Old crop Arabica Cherry and Parchment remained unsold in absence of any buying interest.

"There was little export related buying...but some domestic interest was seen," said an auctioneer from Bangalore.

Following were the prices quoted for 50 kg bags in rupees.

Source : REUTERS


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