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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India’s organic farm exports to developed nations jump by 51% to exceed $1 billion in FY21

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, […]

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Global coffee production seen rising slightly to nearly 170 million bags in 2020/21; consumption seen rising faster

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 […]

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Upward trend in global coffee prices confirms recovery from lows of last nearly four years, says ICO

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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 […]

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Drought in Brazil sets coffee prices soaring worldwide

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 […]

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Indonesia’s coffee output forecast to fall to 10.63 million bags on lower yields

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 […]

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