Indian Coffee Market Shows Early Signs of Blossoming .

As per expectations, India’s new coffee season has started on a positive note, as exports of the country’s coffee commodity grew by an impressive 60 per cent during the first month of the crop year spanning October 2010 to September 2011.

According to information from the nationally-owned Coffee Board, coffee exports rose from 13,295 tonnes during the same month of the previous year to a well over double 21,338 tonnes this October in volume terms.

As well as being a strong indicator for positive performance during the rest of the current coffee season, the blossoming crop and coffee exports have already had an impact on the country’s foreign exchange in value terms, which is said to have increased from Rs 146 crore to RS 229 crore as a result.

With fresh Indian Arabica beans already reaching and becoming available in the market, industry analysts have forecast that the volume of coffee exports are likely to continue climbing over the next few months.
Ahead of entering the October 2010 to September 2011 crop season, the Coffee Board projected improved output for Robusta beans as well as the Arabica variety.

Based on post-blossom expectations on behalf of the board, the country’s Arabica harvest is forecast to reach 99,500 tonnes (up from 94,600 tonnes in 2009) during the twelve month period while Robusta output is predicted to approach the 2.08 lakh tonne mark (up from 1.95 lakh tonnes for the same twelve month period last year).

Source : coffeethings.co.uk