ManagementCoffee exports dip 14.3% in October-July
India’s coffee exports have declined 14.28 per cent to 2.28 million bags in the first 10 months of the 2008-09 coffee year till July, even as the global shipments rose marginally in the same period, the International Coffee Organisation (ICO) said.
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India had shipped about 2.66 million bags in the same period last year, it said. One bag contains 60 kg of coffee. The coffee year runs from October to September. Exports have not only fallen in India but also in Colombia and Guatemala where shipments were down by 22.56 per cent and 6.36 per cent, respectively, between October and July, according to the data released by the ICO.
“India has not been able to sell coffee bean in the international market due to high prices, which are quoting higher by 15-30 per cent across varieties than that of some other exporting nations,” a Bangalore-based coffee exporter said. A poor demand in consuming countries following the global slowdown is also affecting the country’s exports, he said.