Home
|
Sitemap
|
FAQs
|
Contact Us
Product
Country
Menu
About Agri Exchange
Introduction
Apeda Agri Exchange
The Vision
Benefits / Facilities
To Exporters
To Buyers
Product Profile
Floriculture
Floriculture
Fruits & Vegetables Seeds
Fresh fruits & Vegetables
Fresh Onion
Other Fresh Vegetables
Walnuts
Fresh Mangoes
Fresh Grapes
Other Fresh Fruits
Others (Betel Leaves & Nuts)
Processed Fruits & Vegetables
Cucumber and Gherkins (Prepd. & Presvd.)
Processed Vegetables
Mango Pulp
Processed Fruits,Juices & Nuts
Pulses
Animal Products
Buffalo Meat
Sheep/ Goat Meat
Other Meat
Processed Meat
Animal Casing
Poultry Products
Dairy Products
Natural Honey
Caseins
Albumin (Eggs & Milk)
Other Processed Foods
Groundnuts
Guar Gum
Jaggery & confectionery
Cocoa Products
Cereal Preparation
Milled Products
Alcoholic Beverages
Miscellaneous Preperations
Cereals
Basmati Rice
Non Basmati Rice
Wheat
Maize
Other Cereals
Country Profile
United Arab Emirates
Saudi Arabia
Malaysia
Bangladesh
United States
Vietnam
Kuwait
Iran
United Kingdom
Indonesia
...View more country profiles
FTA's
Analytical Report on FTAs
Tariff Concession under FTAs
Statistics
International Trade
India's Export
India's Import
Production
International Production
India Production
Market Intelligence
e-Bulletin
Global Analytical Report
India's Export Analytical Report
Comparative Report On APEDA Products
Comparative Report On Principal Commodities
Import Tariffs
Import Regulations
SPS Notifications
DGFT : Public Notice, Notifications, Circular and Trade Notice
India Food Safety & Standards
Market Reports
Foreign Trade Policy 2023
Chapter 01 - Legal Framework and Trade Facilitation
Chapter 02 - General Provisions Regarding Imports and Exports
Chapter 03 - Developing Districts as Export Hubs
Chapter 04 - Duty Exemption Remission Schemes
Chapter 05 - Export Promotion Capital Goods (EPCG) Scheme
Chapter 06 - Export Oriented Units (EOUs), Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio-Technology Parks (BTPs)
Chapter 07 - Deemed Exports
Chapter 08 - Quality Complaints and Trade Disputes
Chapter 09 - Promoting Cross Border Trade in Digital Economy
Chapter 10 - Scomet: Special Chemicals, Organisms, Materials, Equipment and Technologies
Chapter 11 - Definitions
Newsletters
Latest News
Latest Newsletter
Archives
Directory
Exporters
Service Providers
Logistics
Trade Leads
Submit New lead
Buy Leads
Sell Leads
Indian Mission Login
Market News
India’s FY23 coffee exports at a new record on higher prices.
Apr 03, 2023
India’s coffee exports for financial year ending March, 2023 scaled a new high at $1.126 billion on increase in global prices. The exports for the year are higher by about a tenth in dollar value terms over the previous year’s $1.027 billion and surpassed the target of $1.088 billion fixed by the Commerce Ministry.
In fact, the Indian coffee exports have clocked over a billion dollars for the second consecutive year during 2022-23. The export growth in rupee value terms is higher at around 18 per cent at Rs.9033.38 crore as compared to previous year’s Rs.7655.50 crore.
This growth in exports is despite a 3.6 per cent decline in volumes at 3.98 lakh tonnes over the previous year’s 4.13 lakh tonnes, as per the Coffee Board of India’s data based on the permits issued.
Higher realisations
'The increase in exports is due to higher realisations,' said Coffee Board CEO and Secretary K G Jagadeesha. The per unit realisation for Indian coffees was higher by 22 per cent at Rs.2.26 lakh per tonne during 2022-23 as compared to Rs.1.84 lakh per tonne during the previous year.
'The International Coffee Organisation’s composite index price last year was very high compared to the last 10 years,' Jagadeesha said. The ICO indicator price for ‘Other Milds’ a category under which the Indian coffees are classified, went up from around 185 US cents per pound last year to 226 US cents per pound.
Growth in value
'Our growth in value terms is much faster than in quantity. In terms of quantity, we are lagging behind when compared to last year as our production is limited. If the prices remain same during 2023-24, then we may exceed the billion dollar mark again,' Jagadeesha said. While India may not face problems in exports of value added instant coffees, as we import and re-export after value-addition, the green coffee shipments are all dependent on natural factors such as weather. 'If there is a favourable weather, we will have a good crop and good exports,' he added.
India exports about two thirds of the 3.6 lakh tonnes of green coffees produced in the country.
Decline in volumes
Ramesh Rajah, President, Coffee Exporters Association, said the higher value due to the gain in the international market has made up for the decline in volumes. 'We were expecting a 5 per cent decline in volumes,' Rajah said adding that it would be hard to sustain the exports during 2023-24. 'There could be a marginal decline in quantity terms and five per cent dip in value terms during 2023-24 as the order books are only 60 per cent of the normal, particularly for the Arabicas, which is a bit of concern,' Rajah said.
Factors such as higher Indian prices, compared to the terminal prices in New York and London, and in Europe, the largest destination for Indian coffees, where consumers hit by a recession are looking are cheaper coffees, have resulted in lower order-books, Rajah added.
thehindubusinessline.com
Archive