Declaration of MSP fails to boost market sentimentThe sharp decline in the price of Robusta coffee, even after the government announced a minimum support price for the crop recently, has put coffee growers in the State in a fix. Thomas Isaac, in his budget speech a week ago, had increased the minimum support price (MSP) for a kg of raw Robusta coffee to ₹90. However, the announcement did not make any impact in the coffee market, Prasanth Rajesh, president, Wayanad Coffee Growers’ Association (WCGA), told The Hindu. According to data available with the Coffee Board, Kerala produced 64,125 tonnes of Robusta coffee during 2019-20, of which Wayanad contributed 55,225 tonnes. Robusta coffee is cultivated on 67,366 hectares in Wayanad and 59,621 farmers are dependent on the sector.

Source: The Hindu January 28, 2021 17:04 UTC