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Coffee exports gain aroma on higher global prices despite fall in volume

 

Regardless of a 4 for each cent decline in volumes at 3.129 lakh tonnes (lt), India’s coffee exports registered a marginal advancement in dollar benefit phrases at $740 million for the year-ending March 31, 2021. The dip in volumes was mainly on account of poor demand from customers from the key purchasers in Europe these types of as Italy and Germany, the place out-of-dwelling usage was impacted by Covid-led lockdowns.

On the other hand, the normal realisations saw a ten for each cent advancement on account of increase in world rates and currency movement. Common realisation went up to ₹1.seventy five lakh for each tonne for the duration of the year against ₹1.fifty nine lakh in the preceding year. In rupee benefit phrases, the exports grew by 5.6 for each cent to ₹5,490 crore.

Unsure outlook

“The drop in exports is in line with expectations,” said Ramesh Rajah, President, Coffee

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