<p>The country’s coffee exports rose 18.6% to 2,14,677 tonnes in the April-October period of the current fiscal despite low realisation, according to the Coffee Board.<br /><br /></p>.<p>In value terms, coffee exports increased 7% to Rs 3,224 crore in the first seven months of this fiscal from Rs 3,013 crore in the year-ago period, Coffee Board data showed.<br /><br />Overseas shipments moved up even as export value realisation of coffee came down by 9.7% at Rs 1,50,180/tonnes during April-October period of this year when compared with Rs 1,66,461/tonnes in the year-ago period.<br /><br />Traders said export realisation remained lower because of weak global prices, which have started firming up.<br /><br />Global Arabica coffee prices had hit 21-month high last week to settle at $1.65 a pound, while Robusta coffee prices firmed up to $2,166 a pound as rains slowed the pace of harvesting in top producer Vietnam, the Board said.<br /><br />India exports both Arabica and Robusta varieties, besides instant coffee. Major export destinations for coffee are Italy, Germany, Turkey, Russia and Belgium, among others.<br /><br />As per the Board estimates, coffee production in the ongoing 2016-17, crop year is pegged lower at 3,20,000 tonnes, as against 3,48,000 tonnes in the last year.<br /><br />During the 2015-16 fiscal, the country had exported 3,19,733 tonnes of coffee.<br /> </p>
<p>The country’s coffee exports rose 18.6% to 2,14,677 tonnes in the April-October period of the current fiscal despite low realisation, according to the Coffee Board.<br /><br /></p>.<p>In value terms, coffee exports increased 7% to Rs 3,224 crore in the first seven months of this fiscal from Rs 3,013 crore in the year-ago period, Coffee Board data showed.<br /><br />Overseas shipments moved up even as export value realisation of coffee came down by 9.7% at Rs 1,50,180/tonnes during April-October period of this year when compared with Rs 1,66,461/tonnes in the year-ago period.<br /><br />Traders said export realisation remained lower because of weak global prices, which have started firming up.<br /><br />Global Arabica coffee prices had hit 21-month high last week to settle at $1.65 a pound, while Robusta coffee prices firmed up to $2,166 a pound as rains slowed the pace of harvesting in top producer Vietnam, the Board said.<br /><br />India exports both Arabica and Robusta varieties, besides instant coffee. Major export destinations for coffee are Italy, Germany, Turkey, Russia and Belgium, among others.<br /><br />As per the Board estimates, coffee production in the ongoing 2016-17, crop year is pegged lower at 3,20,000 tonnes, as against 3,48,000 tonnes in the last year.<br /><br />During the 2015-16 fiscal, the country had exported 3,19,733 tonnes of coffee.<br /> </p>