Home Coffee prices Coffee exporters see improved demand, shipments up 14% in January-August

Coffee exporters see improved demand, shipments up 14% in January-August

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Coffee exports in the first eight months of the 2021 calendar increased by 14% on improved demand for Indian varieties of instant coffee, arabica parchment and robusta cherries. Shipments in volume reached 2.56 lakh tonnes in the period January 1 to August 31, compared to 2.25 lakh tonnes in the same period last year.

In terms of dollar value, shipments increased 19% during the period to $ 607 million from $ 511 million. In terms of rupees, exports exceeded 4,467 crore, an increase of 17% from 3,801 crore in the same period the previous year.

Indian instant coffees saw their volumes increase by 78% during the period to 16,029 tonnes, but the premium variety Robusta Parchment took a hit. Imports of coffee for re-exports as value-added products increased by 12 percent to 62,895 tonnes.

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“The growth figure is a bit misleading because it is low, because last year was bad. Even then, by theoretical standards, it’s good growth, ”said Ramesh Rajah, president of the Coffee Exporters Association. “There is an improvement in demand, but premiums are low and freight rates have skyrocketed, resulting in lower achievements for farmers,” Rajah said.

european market

Freight rates to Europe, the main market for Indian coffees, have increased by more than 300%, he added. Last year, the spread of the Covid and lockdowns in Europe hit Indian coffee shipments.

For the 2021 schedule, exporters were targeting 10% growth from last year’s 3.06 lakh tonnes. “We will hit last year’s figures, but 10% growth is unlikely to be achieved as there could be a slowdown next quarter as there is not much coffee left and high freight could discourage customers. expeditions. The first quarter of next year should be good, ”said Rajah.

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Robusta parchment is doing poorly as shipments are down 12% to 20,002 tonnes. Arabica parchment shipments increased 22% to 32,205 tonnes, while volumes of Arabica cherries declined 4% to 8,796 tonnes. Robusta cherry volumes increased 13.5% during the period to 1.16 lakh ton.

Despite the fall in premiums, exporters’ achievement per unit increased by around 3.5 percent to 1.74,257 per tonne from ₹ 1.68,390 per tonne in the same period last year.

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