USDA forecasts India's coffee export to grow by 21%
Press Trust Of India / New Delhi May 05, 2009, 16:20 IST
India's coffee exports are expected to jump by 21 per cent to around 230,000 tonnes in the 2009-10 season starting October on higher production, according to a report by US Department of Agriculture.
Releasing 'India Coffee Annual 2009' the USDA said, "Considering the improved production prospects and likely higher global prices in 2009-10, exports are forecast to rebound to around 230,000 tonnes."
It said that coffee exports from India is estimated to decline to around 1,90,000 tons in 2008-09 because of reduced exportable surplus and high domestic prices vis-à-vis global prices. Exports during October-April period of 2008-09 were lagging by over 25,000 tonnes as compared to the corresponding period of the previous year, USDA pointed out.
The global economic slowdown seems to have negatively impacted India's coffee exports, particularly of soluble coffee which mostly go to Russia, it said.
Content Guide
