India's coffee exports expected to increase thanks to rising global prices

By Rajendra Jadhav MUMBAI (Reuters) - India's coffee exports are expected to increase by up to 10% in 2024 as rising global prices have European buyers paying premiums to increase purchases from the country, industry officials told Reuters. The South Asian country - famous as a tea producer - is also the world's eighth largest coffee producer, producing mainly Robusta beans used to make instant coffee. India also produces the more expensive Arabica variety. "Demand for Indian coffee, especially for Robusta beans, is strong due to firm global prices resulting from production issues," said Ramesh Rajah, president of the Indian Coffee Exporters Association, predicting up to a 10% increase in exports this year. year. Robusta coffee is trading close to its highest value in at least 15 years as Vietnam, the world's biggest producer, is expected to produce less in 2023/24 than in the previous season. India exports three-quarters of its production, mainly to Italy, Germany and Belgium. ...