India’s coffee exports hit a new high during 2021-22, clocking over a billion dollars for the first time. Coffee shipments during 2021-22 registered a whopping 42 per cent growth at $1.042 billion over the previous year’s $734.98 million, aided by an increase in volumes and higher realisations. India exports over two-thirds of the over 3 lakh tonnes of coffee produced. Cheaper coffees are imported by the instant coffee makers to be re-exported as value-added soluble coffees. For the current coffee year 2021-22 ending September, the Coffee Board, in its post-monsoon estimates, had pegged the crop size at 3.48 lakh tonnes, including 2.49 lakh tonnes of Robusta and 99,000 tonnes of Arabicas.

Source: The Hindu April 02, 2022 05:42 UTC