INDIA
India's coffee exports rose by more than 18% in the first five months of the 2016-17 fiscal year despite lower value realization, according to the Coffee Board of India.
More than 163,615 metric tons of coffee were shipped during the April-August period this year compared to 138,479 MT during the same period of the 2015-16 fiscal year, according to a report in The Economic Times of India.
According to the coffee board, there has been an increase in the export of robust coffee bean as well as instant coffee during April-August of 2016-17.
The overseas sale of coffee rose despite lower export realization and likely fall in the domestic output in the 2016-17 crop year from October to September. The export realization remained lower at INRs 1,49,482 (UD$2,235) per metric ton in the first five months of this year, as against INRs 1,68,408 (US$2,517) per metric ton in the year-ago period, the data showed.
Coffee production is estimated to decline by 8.75% to 320,000 MT in the 2016-17 crop year when compared with 348,000 MT in the previous year.