You are here: Home » Markets » Commodities » Other Commodities
Business Standard

Coffee exports dip 19% on excess rain

Bloomberg  |  Mumbai 

exports from India, Asia’s third-biggest supplier, dropped 19 per cent in the first five months of this year, after excessive rainfall damaged the crop in the nation’s main growing region.

Tata and its local rivals shipped 87,552 tonnes in January 1-May 29 period, compared with 107,976 tonnes a year ago, the state-owned Board said on its website.

The shipments were worth $190.5 million, compared with $281.7 in a year earlier, the board said.

India lowered its production estimate for a second time in April after excessive rains damaged the crop in southern state—Karnataka, the biggest coffee-bean grower.

Production will decline to 262,300 tonnes in the year to September 30, compared with 276,600 tonnes forecast in November, the board said April 30.

First Published: Wed, June 03 2009. 00:37 IST