: Indian coffee exports touch Rs 3,312 cr in AprilSept period #FinanceIndia #StockMarketNEWS Indian coffee exports touch Rs 3,312 cr in April-Sept period New Delhi, Nov 18 (KNN) The coffee exports from
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Indian coffee exports touch Rs 3,312 cr in AprilSept period #FinanceIndia #StockMarketNEWS
Indian coffee exports touch Rs 3,312 cr in April-Sept period New Delhi, Nov 18 (KNN) The coffee exports from India have nearly doubled to Rs 3,312 crore during April-September this fiscal against Rs 1,657 crore in the same period of 2013-14, Commerce and Industry Minister Piyush Goyal said in a tweet.
“The Indian coffee exports are hitting new milestones this year. The coffee exports rose to almost two times in April-September 2022 over the same period in 2013,” he said.
India is Asias third-largest producer and exporter of the commodity and it ships both Robusta and Arabica varieties, besides instant coffee. The top destination for India coffee are Italy, Germany and Belgium, amongst others.
Coffee exports from India increased by 16 percent to 264,191 tonnes in the period from January 1 to August 9 from a year earlier, according to data from the Coffee Board. The rise came mainly from robusta cherry, whose shipments have gone up by 30,000 tonnes. Export growth was as high as 25 percent in the earlier months as pending orders were executed.
India had record coffee exports of 394,343 tonnes in 2021, bettering the 378,909 tonnes achieved in 2017. The country exports 70 percent of its coffee output.
Karnataka accounts for the largest share of coffee produced in the country. (KNN Bureau)