India's coffee exports decline by 10% in Apr-Jun quarter

India's coffee exports declined by almost 10% to 1.04 lakh tonnes in the first quarter of this fiscal, according to the Coffee Board.

The country had shipped 1.15 lakh tonnes of the brew in the April-June quarter of last fiscal.

In terms of value, the exports fell marginally to Rs 1,560.76 crore in the first quarter of 2012-13 fiscal against Rs 1,580.03 crore in the year-ago period.

According to market analysts, coffee exports have gone down as farmers are holding their crop due to low global prices of arabica and sluggish demand from Europe following the economic slump.

In the first nine months of the current coffee year (October-September), the exports fell by 5% to 2.63 lakh tonnes from 2.78 lakh tonnes in the corresponding period of 2010-11 marketing year.

In the January-June period of the current calender year, coffee shipments fell by 4% to 2.05 lakh tonnes from 2.13 lakh tonnes in the year-ago period.