| Date: |
04-10-2011 |
| Subject: |
India's Coffee Exports up 34% in 2010-11 Coffee Year |
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Buoyed by robust global demand, India's coffee exports rose by almost 34% to 3.58 lakh tonnes in the 2010-11 coffee year.
The country had shipped 2.68 lakh tonnes of coffee overseas in the 2009-10 coffee year (October, 2009-September, 2010), according to data from the Coffee Board.
Price realisation from coffee exports rose by 31% to Rs 1,33,804 per tonne in the October, 2010-September, 2011, period from Rs 1,02,406 per tonne in the year-ago period.
In value terms, earnings from coffee exports rose by 74% to Rs 4,793.91 crore in the 2010-11 coffee year, compared to Rs 2,754.43 crore in the previous coffee year.
The earnings from coffee shipments in terms of US dollars rose by 81% to USD 1,048.1 million in the 2010-11 coffee year from USD 577.98 million in the 2009-10 coffee year.
In the first nine months of the current calender year, shipments of the brew rose by 30% to 2.92 lakh tonnes from 2.24 lakh tonnes in the same period last year.
In the April-September period of the current fiscal, coffee exports rose by 25% to 1.92 lakh tonnes from 1.53 lakh tonnes in the same period of the previous fiscal.
India largely exports coffee to Italy, Germany, Russia, Belgium and Spain.
Source : moneycontrol.com
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