India’s coffee exports have seen a steady decline in the last decade amid growing need for value addition across multiple stages of coffee processing globally and rising demand for specialty coffees, according to a report by global trade finance company Drip Capital, quoting data from Directorate General of Foreign Trade (DGFT). India exported nearly USD […]
World coffee production for 2021/22 is forecast down 11.0 million bags from the previous year to 164.8 million, due primarily to Brazil’s combined effect of Arabica trees entering the off‐year of the biennial production cycle and a weather‐related shortfall, the U.S. Department of Agriculture (USDA) said in its annual coffee report. As a result of […]
The U.S. Department of Agriculture (USDA) has revised world production of coffee up by 300,000 bags from the December 2020 estimate to 175.8 million. Brazil is up 2.0 million bags to 69.9 million, largely due to updated data for Arabica output. Uganda is revised 1.2 million bags higher to 6.0 million largely due to increased […]
India’s instant coffee export is one of the few bright spots in the economic wreckage caused by the Covid pandemic, experiencing a huge jump so far in 2021. Instant coffee exports vaulted by about 124% to 12,078 tonnes from January 1 to June 11 from a year ago, per the latest Coffee Board data. That […]
Exports of India’s organic farm products shot up in 2020-21 to cross $1 billion mark. The pandemic year saw a surge in overseas demand by 51% year on year during FY21, beating Covid-induced hiccups in the supply chain. Outbound shipments of organic products hit $1,040 million last fiscal, compared with $689 million a year before, […]
Total global production in coffee year 2020/21 is estimated to rise by 0.4% to 169.60 million bags, with Arabica production increasing by 2.3% to 99.24 million bags, the International Coffee Organization (ICO) said in its latest monthly report. World coffee consumption, its said, is projected to increase by 1.9% to 167.58 million bags in 2020/21 […]
A firm upward trend of coffee prices over the first eight months of coffee year 2020/21 seems to confirm a net recovery from the low price levels that began in coffee year 2017/18, the International Coffee Organization (ICO) said in its latest monthly report, adding that coffee prices surged higher in May showing signs of […]
The 35th CyclOpe report on commodity markets, published last week, highlights that the prices of agricultural commodities did not evolve at the same rate as those of industrial metals and energy. This is due to the economic crisis that has resulted from the ongoing pandemic. The price of industrial metals and energy collapsed, before firmly […]
Market watchers are anticipating a sharp rise in the price of coffee beans worldwide as Brazil, the largest exporter of coffee, grapples with one of the worst droughts in decades, reports Reuters. The (International Coffee Organization) ICO composite indicator has been consistently rising for over six months. In April 2021, the composite indicator price for coffee was at 122.03 […]
Indonesia’s 2021/22 coffee production is forecast to decline by 70,000 (60 kilogram) bags to 10.63million bags due to lower Robusta yields in highland areas and lower Arabica yields during the firstharvest period, the U.S. Department of Agriculture (USDA) said in a report. Area is expected to remain stable at 1.2 million hectares, with Sumtra island […]
