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A drop in coffee exports

July 22, 2017 at 10:38 AM , Mark Overseas
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Water, GST all played against coffee

  • The coffee exports are likely to decline by 20% due to lack of orders from the overseas buyers.
  • As per Coffee Board’s export data for the period from January 1 to July 17, 2017, the total export volumes were at 216’926 tonnes –– a marginal drop compared to same period last year. But there are expectations of the exports to drop in the coming years.
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  • A big misunderstanding causes the coffee industry to suffer loss and a decline in the exports. In the start of the year there were expectation of a 30% fall in the production hence, buyers sourced coffee from other countries as they did want to pay a higher prices due low arrivals but it was only later that we got to know there was only a 10% decline in the production.
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  • The Global price of Robusta coffee is around $2’126 per tonne.
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  • The exports are hoping to export better next year but this seems a bit of an issue to lack of rain the coffee growing regions.  And coupled with that decline in the level of groundwater as well.
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  • Coffee auctions are held once a week in Bangalore but nor much movement or buying happens as traders are still confused over the nil duty and 5% tax rates for coffee beans under the new tax regime.

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