India's coffee exports surge 55%

With global demand for Indian coffee rising, the country recorded coffee exports worth Rs 77.7 billion (US$ 932.6 million) in the first half of the current fiscal year – a 55% increase from Rs 49.56 billion (US$ 594.72 million) in the same period last year. This increase marks a pivotal moment for the country’s agricultural sector. Between April and September, the country exported 220,000 tonnes of coffee, compared to 191,000 tonnes in the same period last year, representing a 15% increase in volume, according to the latest data from the Coffee Board of India. Amid anticipated export regulations in Europe, there has been a significant increase in the price of coffee in international markets. Currently, coffee buyers pay an average of Rs 352 (US$ 4.19) per kg for Indian beans, compared to Rs 259 (US$ 3.08) per kg previously. Italy leads the ranking of importing countries, accounting for 20% of total exports, followed by Germany, Russia, the UAE and Belgium, which together import ...