India sees 7% drop in coffee exports

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Coffee exports from India declined 7.36 percent on a year-on-year basis to 3.5 lakh tonnes in 2018 owing to a fall in shipments of robusta and instant coffee varieties, according to Coffee Board. 


NCDEX TipsIn terms of value, coffee exports dropped to Rs 5,770.48 crore in 2018 from Rs 6,091 crore in the previous year. 

Italy was the top export market for India in 2018, as 76,437.56 tonnes of coffee was exported to the country followed by Germany (28,582 tonnes) and Russia (21,397 tonnes). 

As per the Board’s latest data, the country exported 3,50,280 tonnes of coffee in the 2018 calendar year, lower than 3,78,119 tonnes in the previous year. Of this, export of robusta varieties showed a decline of 17.65 percent at 1,79,903 tonnes in 2018 as against 2,18,463 tonnes in 2017. 

The shipment of instant coffee also showed a decline of 39.87 percent to 29,157 tonnes in 2018 calendar year as against 48,496 tonnes in the previous year. However, there was a slight increase in the shipment of arabica coffee. 

Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions.

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