India’s agri exports likely to cross $50 billion this fiscal, says Union Commerce Ministry

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. […]

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Global coffee prices retain upward trend, hit 10-year highs in November

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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 […]

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Global coffee price touched multi-years high in Oct despite improved conditions in Brazil, says ICO

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 […]

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Global experts celebrate cultural, social and economic importance of tea, coffee

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 […]

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India’s coffee exports hit 9-yr low in dollar value during FY20: Drip Capital

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 […]

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World 2021/22 coffee production forecast down 11 million bags on Brazil’s woes

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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 […]

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