Coffee exports rise
India's coffee exports rose by 13
per cent last year to 230,304 tonnes from
203,768 tonnes a year earlier with a rise
in international prices spurring overseas
sales, a Coffee Board of India official
India produces only 4.5
per cent of the world's coffee, but exports
70 to 80 per cent of its output.
Most is sold to Italy,
Russia and other European countries. Major
producers include Tata Coffee and Bombay
Burmah Trading Corporation.
'There is a pull in the
market because of growing coffee consumption
globally and a shortage in supply in major
markets overseas,' said Anil Bhandari of
the Coffee Board of India.
'The rise in exports last
year is also reflective of the firm coffee
prices in the international market. Exports
in 2007 should also be good as prices are
expected to stay upbeat through the year,'
The price of India's coffee
in international markets rose by 10 per
cent to 78.44 rupees ($1.77) per kg in 2006,
from 71.24 rupees ($1.61) in the previous
year, the Coffee Board said.
Total export earnings
rose to $405.58 million last year from $338.39
million in 2005.
Italy accounted for 26
per cent of India's coffee exports last
year, followed by Germany at 11 per cent
and Russia at 10 per cent, the figures showed.
India exports coffee to about 50 countries.
Trade officials said India's
coffee output in the crop year ending September
2007 is likely to be 288,000 tonnes, slightly
higher than last year's production of 274,000