MUMBAI: The February rains will make the coffee farmers happy with an expected jump in production.
The coffee growing areas in sought India, especially Karnataka and Tamil Nadu, received good rains during the first week of February which will boost the flowering of coffee plants.
According to the Coffee Board officials, the country’s coffee crop will gain from the rains.
The rains are certainly going to be beneficial for the next Arabica crop to be harvested in October.
The rains led to dropping of beans in some plantations of Robusta, a variety used in instant coffee.
A bigger crop in India, which exports 80 per cent of its output, may help slow this year’s 35 per cent gain in Robusta coffee prices.
The Futures touched $2,625 a tonne this week on London’s Liffe exchange, the highest in almost 11 years.
India’s coffee production may reach 262,000 tonnes in the year to September 2008, 10 per cent lower than the 291,000 tonnes forecast in July by the government, the Coffee Board said in December. The crop totaled 288,000 tonnes in a year earlier.
Exports may total 210,000 tonnes in the year ending March 31, 16 per cent lower from a year earlier. India exported 182,431 tonnes in the April 1-February 21 period.
The coffee growing areas in sought India, especially Karnataka and Tamil Nadu, received good rains during the first week of February which will boost the flowering of coffee plants.
According to the Coffee Board officials, the country’s coffee crop will gain from the rains.
The rains are certainly going to be beneficial for the next Arabica crop to be harvested in October.
The rains led to dropping of beans in some plantations of Robusta, a variety used in instant coffee.
A bigger crop in India, which exports 80 per cent of its output, may help slow this year’s 35 per cent gain in Robusta coffee prices.
The Futures touched $2,625 a tonne this week on London’s Liffe exchange, the highest in almost 11 years.
India’s coffee production may reach 262,000 tonnes in the year to September 2008, 10 per cent lower than the 291,000 tonnes forecast in July by the government, the Coffee Board said in December. The crop totaled 288,000 tonnes in a year earlier.
Exports may total 210,000 tonnes in the year ending March 31, 16 per cent lower from a year earlier. India exported 182,431 tonnes in the April 1-February 21 period.
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