Coffee exports from India up 55% as global demand grows
Updated: Oct 16th, 2024
Source: IANS |
As the global demand for Indian coffee surges, the country has clocked coffee exports worth ₹7,771.88 crore in the first half of current fiscal (FY25), a massive 55% increase from ₹4,956 crore during the same period last fiscal.
This surge highlights the growing global demand for Indian coffee and marks a pivotal moment for the nation’s agricultural sector.
For the April-September period, the country exported 2.2 lakh tonnes of coffee, a rise from 1.91 lakh tonnes in the same period last year which is a 15% volume increase, as per latest data by the Coffee Board of India.
There has been a significant rise in coffee price in the international markets, amid anticipated European export regulations. Coffee buyers are paying an average of ₹352 per kg for the Indian coffee, up from ₹259 per kg earlier.
Among the countries exporting the Indian coffee, Italy tops the chart with 20% of total exports. Germany, Russia, the UAE and Belgium collectively import 45% of Indian coffee.
The coffee production in India was nearly 3.6 lakh metric tonnes in the 2023-24 crop year.
During 2021-22, Indian coffee exports stood at $1.016 billion, growing by 38% from the previous year 2020-21. In the year 2021-22, India was the fifth largest exporter of coffee in the world with a share of about 6% of global coffee exports.
Karnataka accounts for about 70% of India’s coffee output. Kerala contributes 20% of India’s coffee production, positioning it as the second-largest coffee-producing state in the country. Tamil Nadu ranks third with a 5.7% share. The coffee export market has been a key driver of the country’s coffee industry.
(This story was taken from a syndicated feed and was only edited for style by Gujarat Samachar Digital staff)
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