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India cuts 2017/18 coffee output estimate by 10 percent to 316,000 tonnes

Reuters  |  MUMBAI 

(Reuters) - is likely to produce 316,000 tonnes of in 2017/18, down nearly 10 percent from the previous estimate, as lower rainfall and higher temperature hit the crop, the state-run Board said on Tuesday.

The South Asian country, which is famous as a tea producer, is also the world's No.6 grower, mainly churning out the robusta beans used to make instant coffee. It also produces some of the more expensive arabica variety.

is likely to produce 221,000 tonnes of robusta in the marketing year ending on Sept. 30, down 10.6 percent from the previous estimate, the Board said.

Arabica output is expected to fall nearly 8 percent from the previous forecast to 95,000 tonnes, it added.

India, which some say started coffee cultivation in 1670 with seven smuggled beans, exports three-quarters of its production.

Italy, and are the main buyers of India's crop, paying a premium over global prices.

(Reporting by Rajendra Jadhav; Editing by Subhranshu Sahu)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 15 2018. 18:46 IST