World coffee exports down 12.4% in May 2018; India’s shipments tad lower at 631000 bags – ICO

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Members of the International Coffee Organisation (ICO) exported 9.270 million 60-kg bags of Coffee in May 2018, down 12.4 per cent from 10.585 million in the same month last year, ICO data showed.

Exports in the first 8 months of coffee year 2017/18 (Oct/17 to May/18) have decreased by 0.5 per cent to 79.94 million bags compared to 80.35 million bags for the same period in the last Coffee year.

In the 12 months ending May 2018, exports of Arabica totalled 74.72 million bags compared to 74.80 million bags last year; whereas Robusta exports amounted to 44.19 million bags compared to 44.42 million bags.

According to ICO data, India exported 631,000 bags of coffee in May, down 0.2 per cent as compared to 632,000 bags in the same month last year.

World production in 2017/18 is estimated at 159.66 million bags, 1.2 per cent greater than last year. Arabica output is expected to decline by 4.6 per cent to 97.43 million bags while Robusta production is predicted to grow by 12.1 per cent to 62.24 million bags.

Production is expected to grow in all regions except South America, which is estimated 6.1 per cent lower at 70.59 million bags. Output from Africa is estimated to rise by 3.2 per cent to 17.66 million bags, from Asia & Oceania by 10 per cent to 49.49 million bags, and from Mexico & Central America, by 7.1 per cent to 21.92 million bags. Production is expected to grow in eight of the ten largest coffee-producing countries.

India’s coffee exports during October to May of 2017-18 coffee year recorded at 4.57 million bags, rose 11.2 per cent from 4.1 million bags in the same period last year.

Shekhar Ghosh is consulting editor, Indoasiancommodities.com. He has edited and written for publications like Business India, Business Standard, Business Today, Outlook and many other international publications. He can be reached at shekhar.ghosh@indoasiancommodities.in.

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