Tuesday, June 3, 2008

Coffee Exports Rise By 3.57% In Jan-May - June 3, 2008

Bangalore: Indian coffee exports (permit issued) for the first five months of 2008 have risen by 3।57% at 110,796 tonnes as against last year's exports of 106,970 tonnes. As on June 1, of the total 110,796 tonnes permitted to be exported, arabica parchment constituted 23,798 tonnes (16,316 tonnes last year), arabica cherry 4,829 tonnes (6,617 tonnes), robusta parchment 9,757 tonnes (10,802 tonnes), robusta cherry 46,230 tonnes (46,144 tonnes) and instant coffee 26,182 tonnes (27,091 tonnes). Provisional re-exports stood at 11,191 tonnes as against 6,023 tonnes in the same period last year.

Coffee exports went up in May month as exporters rushed to honour their commitments. Allana Sons, Madhu Jayanti, Amalgamated Bean Coffee Trading Company, SLN Coffee and Ned Coffee were active and the major exporters. Among the buyers of Indian coffee, Italy continues to be the top importer buying 28,225.30 tonnes in the period, followed by Russia (9,204.90 tonnes), Germany (8,325 tonnes), Belgium (6,919.90 tonnes), Spain (4,768.50 tonnes), Finland (3,541.4 tonnes), Croatia (2,899.20 tonnes), Jordan (2,896.5 tonnes), Kuwait (2,667.9 tonnes) and Slovenia (2,428.20 tonnes).

According to International Coffee Organisation (ICO), global exports in the first-seven months of coffee year 2007-08 (October 2007 to April 2008) have decreased by 4 per cent to 54.9 million bags compared to 57.2 million bags in the same period in the last coffee year. In the 12 months ending April 2008, exports of arabica totalled 62.9 million bags compared to 63.6 million bags last year, whereas robusta exports amounted to 32.4 million bags.

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