Moneycontrol PRO
HomeNewsBusinessEconomyIndia sees 7.36% drop in coffee exports in 2018

India sees 7.36% drop in coffee exports in 2018

Italy was the top export market for India in 2018, as 76,437.56 tonnes of coffee was exported to the country followed by Germany (28,582 tonnes) and Russia (21,397 tonnes).

January 03, 2019 / 12:40 IST

Coffee exports from India declined 7.36 percent on a year-on-year basis to 3.50 lakh tonnes in 2018 owing to a fall in shipment of robusta and instant coffee varieties, according to Coffee Board. In terms of value also, coffee exports dropped to Rs 5,770.48 crore in 2018 from Rs 6,091 crore in the previous year.

Italy was the top export market for India in 2018, as 76,437.56 tonnes of coffee was exported to the country followed by Germany (28,582 tonnes) and Russia (21,397 tonnes).

As per the Board's latest data, the country exported 3,50,280 tonnes of coffee in 2018 calendar year, lower than 3,78,119 tonnes in the previous year.

Out of which, export of robusta varieties showed a decline of 17.65 percent at 1,79,903 tonnes in 2018 as against 2,18,463 tonnes in 2017.

The shipment of instant coffee also showed a decline of 39.87 percent to 29,157 tonnes in 2018 calendar year as against 48,496 tonnes in the previous year.

However, there was slight increase in the shipment of arabica coffee varieties at 53,302 tonnes in 2018 as against 47,314 tonnes in 2017.

The shipments in terms of value remained lower even as the export realisation was higher at Rs 1,64,738 per tonne in 2018 as against Rs 1,61,086 per tonne in the previous year, the Board data showed.

PTI
first published: Jan 3, 2019 12:36 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347