NEW DELHI: India’s coffee exports rose by 18.15 per cent to 1,63,615 tonnes in the first five months of the ongoing 2016-17 fiscal, despite lower value realisation, according to the Coffee Board. The country had shipped 1,38,479 tonnes of coffee in the April-August period of 2015-16 fiscal.
As per the board’s data, there has been an increase in the export of robust variety of coffee bean as well as instant coffee during the April-August of 2016-17 fiscal. The overseas sale of coffee rose despite lower export realisation and likely fall in the domestic output in the 2016-17 crop year (October-September).
The export realisation remained lower at Rs 1,49,482 per tonne in the first five months of this year, as against Rs 1,68,408 per tonne in the year-ago period, the data showed. Coffee production is estimated to decline by 8.75 per cent to 3,20,000 in the 2016-17 crop year when compared with 3,48,000 tonnes in the previous year, due to lack of timely rains and high temperature during the crucial flowering stage.
