India's coffee exports climb 50pc as demand recovers
Wednesday, 2 June 2010
NEW DELHI, June 1 (Bloomberg): Coffee exports from India, Asia's third-biggest producer, gained 50 per cent in the five months ended May as demand recovered in the biggest importing countries, the state-owned Coffee Board said.
Tata Coffee Ltd. and its domestic rivals shipped 129,815 metric tons between January and May, compared with 86,654 tons a year earlier, Deputy Director N.V. Nagarajaiah said by telephone from Bangalore today. Exports fetched $275 million, 42 per cent more from a year earlier, he said.
India is betting on a rebound in European orders to sustain the gain in exports as the region purchases more than 75 per cent of the nation's output, Ramesh Rajah, president of the Coffee Exporters' Association of India said May 10. Italy, Germany and Spain are among the biggest buyers of green coffee from India.
Shipments fetched an average 100,311 rupees ($2,150) a ton in the January-May period, compared with 108,161 rupees a year earlier, data from the board showed.
Overseas sales since the beginning of the crop season on Oct. 1 jumped to 174,593 tons from 122,803 tons a year earlier, Nagarajaiah said. Shipments for the period were valued at $371 million, up from $286 million a year earlier, he said.
Tata Coffee Ltd. and its domestic rivals shipped 129,815 metric tons between January and May, compared with 86,654 tons a year earlier, Deputy Director N.V. Nagarajaiah said by telephone from Bangalore today. Exports fetched $275 million, 42 per cent more from a year earlier, he said.
India is betting on a rebound in European orders to sustain the gain in exports as the region purchases more than 75 per cent of the nation's output, Ramesh Rajah, president of the Coffee Exporters' Association of India said May 10. Italy, Germany and Spain are among the biggest buyers of green coffee from India.
Shipments fetched an average 100,311 rupees ($2,150) a ton in the January-May period, compared with 108,161 rupees a year earlier, data from the board showed.
Overseas sales since the beginning of the crop season on Oct. 1 jumped to 174,593 tons from 122,803 tons a year earlier, Nagarajaiah said. Shipments for the period were valued at $371 million, up from $286 million a year earlier, he said.