The country’s exports of agricultural products, including marine and plantation goods, increased 23.21 per cent to $ 31.05 billion in April-November 2021 and is expected to cross $ 50 billion for the “first time” this fiscal, the commerce ministry said. The ministry has taken several steps during the ongoing COVID-19 pandemic to push the exports. […]
In November 2021, coffee prices reached new multi-year highs, as the monthly average of the ICO composite indicator price was 195.17 US cents/lb, an increase of 7.5% as compared to 181.57 US cents/lb in October 2021, the International Coffee Organization (ICO) said in its latest monthly report. These price levels during coffee year 2021/22 mark […]
World coffee consumption is resuming its steady growth of the last 10 years as before the outbreak of the Covid-19 pandemic, the International Coffee Organization (ICO) said in the latest monthly report. Consumption is projected to rise by 1.9% to 167.15 million bags in 2020/21 as compared to 164.02 million bags for coffee year 2019/20, […]
World coffee prices reached new multi-year highs in October, as the monthly average of the ICO composite indicator price was 181.57 US cents/lb, an increase of 6.8% as compared to 170.02 US cents/lb in the previous month, the International Coffee Organization said in its latest monthly report. These price levels during coffee year 2020/21 mark […]
Global tea and coffee experts came together today to explore and celebrate the cultural, social, and economic importance of the world’s two most popular beverages including their role in making agri-food systems more efficient, inclusive, resilient and sustainable. The Dialogue on Tea and Coffee, part of World Food Day celebrations hosted by the Food and Agriculture Organization […]
Given the global uptrend of Arabica coffee prices trading at 7 -year high in July 2021, Robusta coffee too has caught up and is trading at a four-year high of above $2,040 a tonne. Global coffee prices have been rising due to lower availability from the main coffee producing countries, which has resulted in a […]
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 […]
