Coffee exports rises by 18% during 2016

Posted by Daily Shipping Times on 06-01-2017        Tweet

NEW DELHI: India's coffee exports rose by 18% to 3,60,949 tonnes during the 2016 calendar year on strong demand and higher international prices, according to the Coffee Board.

As per the Coffee Board's latest data, the overall coffee exports increased to Rs 3,60,949 tonnes in 2016 from 3,05,680 tonnes previous year.

"Our export volumes have gone up because we had record 2015-16 crop and international prices improved in the second half of 2016," a senior Board official said recently.

Re-export of value-added coffee rose substantially during 2016. Much of the coffee was exported to Italy, Germany and Russia, he said.

During last year, coffee grown during the 2015-16 crop year (November-October) was exported. Normally, shipments peak during the March-June period.

Presently, the new coffee is being harvested and traders of the view that the arrivals have slowed down due to demonetization.