US dept of agri pegs India’s coffee exports at 5
India coffee exports are expected to decline by 5 per cent to 5.5 ugg boots uk 1 million bags (about 3.30 lakh tonnes) in the current marketing year due to an expected larger ugg boots uk global supply of the brew, a USDA report said.
Coffee exports from India stood at 5.81 million bags of 60 kg each (about 3.49 lakh tonnes) in 2011 12 marketing year (October September), the United States Department of Agriculture (USDA) said in its latest report.
for marketing year (2012 13) are forecast at 5.5 million bags, down just 3,00,000 bags from last year record level due to expected larger global supplies, it added.
While global Arabica prices have ugg boots uk dropped significantly, prices for Robusta, which comprises the bulk of Indian exports, have been relatively steady, lending support to the expectation that exports will again be near record, it said.
According to the government run Coffee Board, the exports from India, the world 6th largest exporter, dropped by 8 per cent to 3.21 lakh tonnes in the 2011 12 coffee marketing year.
On domestic consumption of the brew, the US agency on the farm sector said that despite a rise in demand in the domestic markets, e ugg boots uk xports still constitute a majority of the trade in the brew.