World coffee exports dip in Oct-Jan
Monday, 22 March 2010
NEW DELHI, Mar 21 (PTI): Global coffee exports declined 9.3 per cent to 28.4 million bags in the first four months of the 2009-10 coffee year ending September, while shipments from India rose 32 per cent, the International Coffee Organisation (ICO) has said.
Coffee exports from India, Asia's third-biggest supplier, rose to 1.02 million bags during October-January period of the 2009-10 crop year against 0.77 million bags in the same period last year, it said. One bag contains 60 kg of coffee.
According to the ICO, world coffee exports declined to 28.4 million bags in the first four months of the current crop year from 31.3 million bags in the year-ago period.
A fall in the world's total coffee exports was due to 29 per cent dip in shipments of the milds variety from Columbia, one of the world's top three coffee producers, on low production for the second consecutive year, it said.
"Furthermore, levels of opening stocks in exporting countries for this crop year are low, while supplies of quality coffee remain tight," ICO said.
The data maintained by the ICO showed a sharp fall in shipments from the world's top three leading coffee exporting countries-Brazil, Vietnam and Colombia.
The shipments from Brazil declined to 10.39 million bags during October-January of 2009-10 crop year against 11.58 million bags in the last one.
Vietnam's coffee exports were down at 5.06 million bags against 5.74 million bags, while Colombia's shipments stood at 2.47 million bags against 3.62 million bags last crop year.
However, coffee exports from Indonesia and India showed improvement with the former shipping 1.77 million bags against 1.74 million bags in the review period.
A domestic trade expert said India's shipments are increasing on bigger crop and recovery in demand. Italy and Russia are the major export destination for Indian coffee.
The ICO has projected India's coffee output to be higher at 4.8 million bags this year against 4.37 million bags last year, while global production has been pegged lower by 3.9 per cent at 123 million bags on anticipation of lower output in South America and Africa.
Coffee exports from India, Asia's third-biggest supplier, rose to 1.02 million bags during October-January period of the 2009-10 crop year against 0.77 million bags in the same period last year, it said. One bag contains 60 kg of coffee.
According to the ICO, world coffee exports declined to 28.4 million bags in the first four months of the current crop year from 31.3 million bags in the year-ago period.
A fall in the world's total coffee exports was due to 29 per cent dip in shipments of the milds variety from Columbia, one of the world's top three coffee producers, on low production for the second consecutive year, it said.
"Furthermore, levels of opening stocks in exporting countries for this crop year are low, while supplies of quality coffee remain tight," ICO said.
The data maintained by the ICO showed a sharp fall in shipments from the world's top three leading coffee exporting countries-Brazil, Vietnam and Colombia.
The shipments from Brazil declined to 10.39 million bags during October-January of 2009-10 crop year against 11.58 million bags in the last one.
Vietnam's coffee exports were down at 5.06 million bags against 5.74 million bags, while Colombia's shipments stood at 2.47 million bags against 3.62 million bags last crop year.
However, coffee exports from Indonesia and India showed improvement with the former shipping 1.77 million bags against 1.74 million bags in the review period.
A domestic trade expert said India's shipments are increasing on bigger crop and recovery in demand. Italy and Russia are the major export destination for Indian coffee.
The ICO has projected India's coffee output to be higher at 4.8 million bags this year against 4.37 million bags last year, while global production has been pegged lower by 3.9 per cent at 123 million bags on anticipation of lower output in South America and Africa.