Coffee exports hit a new record; up 12% near 4 lakh tonnes in 2017-18

Posted by Daily Shipping Times on 06-04-2018        Tweet

BENGALURU: India’s coffee exports set a new record in financial year 2017-18, both in terms of volume and rupee value terms. Robust demand from key buyers in Europe and Russia, higher domestic production and a continued increase in re-exports aided the shipment trend.

Exports fell short of the 4-lakh tonne-mark in volume terms, registering a 12 per cent growth over last year. Of the export permits issued by the Coffee Board for 3.957 lakh tonnes during the year, the robusta variety accounted for 2.257 lakh tonnes (lt), while arabicas were 52,569 tonnes. The instant coffees continued to register an increase and accounted for 1.169 lt.

Coffee imports for re-exports were estimated at 68,142 tonnes, sources said.