The International Coffee Organization (ICO) has raised its forecast for global coffee production in 2018/19 to 168.05 million 60-kg bags from its earlier estimate of 167.47 million. World consumption in coffee year 2018/19 is estimated at 164.99 million bags compared to 161.38 million bags in 2017/18. The inter-governmental body now sees a global surplus of […]
World coffee consumption is continuing to grow at a healthy rate of 2% annually, but millions of coffee growers are selling their coffee at prices that have fallen by over 30% over the last two years, the International Coffee Organization (ICO) said. Currently, many farmers are unable to cover even their production costs. The consequences […]
Coffee shipments from India, Asia’s third-largest producer and exporter, rose 13.26 per cent to 48,330 tonnes during the first two months of this calendar year, according to the Coffee Board of India. The country had exported 42,670 tonnes in the year-ago period. India ships both Robusta and Arabica varieties, besides instant coffee. As per the […]
World coffee exports amounted to 11.06 million bags (184,314 metric tons), in January, up 2.6% higher from January 2018, the International Coffee Organization (ICO) said in a report, adding that shipments of Brazilian Naturals, Colombian Milds and Robusta rose by 12.8% to 3.51 million bags, 14.5% to 1.31 million bags and 3.2% to 4.43 million […]
Despite a single-digit growth rate for coffee demand in the domestic market during the past few years, prices of coffee in India are consistently falling due to oversupply. Five years ago, the price of a 50-kg bag of raw coffee was around Rs 9,000. Now, it is selling 30 per cent cheaper at Rs 6,000-6,500, […]
Coffee-producing South Indian states have been witnessing a series of extreme weather events in the last four years. Extreme rainfall causing heavy flood and large-scale landslides in August 2018 in coffee producing areas of Kerala and Karnataka led to a dip of around 20 per cent in the total coffee production. South Indian states like […]
India’s coffee exports are likely to remain inactive in the last quarter of the fiscal year, due to low global prices and an expected slump in prices of Arabica crop. Global prices are likely to remain subdued as Brazil, the largest coffee producer, is expecting a bumper crop which is close to 60 million bags […]
Coffee prices continued their downward trend as the monthly average of the ICO composite indicator fell to 102.41 US cents/lb in August 2018, 4.5% lower than in July 2018 and 20.1% lower than in August 2017, the International Coffee Organization (ICO) said in its latest market report, “This represents the lowest monthly average composite indicator […]
The devastating floods in Kerala have brought the state’s economy to a standstill, with tens of thousands of farmers clueless about their future, as rainwaters have destroyed yearlong plantations, hitting coffee, spices and rubber. “Preliminary findings show that nearly 1,82,000 farmers are directly affected, and nearly 28,150 hectares of farm land are submerged in flood […]
Unprecedented rains that triggered flash floods and landslides have delivered a deadly blow to several coffee planters in Karnataka, the largest producer of coffee in India. Spices like black pepper and cardamom produced in the coffee estates have also been severely hit. Not only the plantations have been washed away in the floods and landslides, […]