India Coffee exports may fall as floods dent production
India’s coffee exports may drop 8% to 230,000 tonnes in 2019 as production is expected to fall to its lowest in five years after plantations were hit by floods in key producing states, Kerala and Karnataka, which together account for more than 90 percent of India’s total coffee production, industry body Coffee Exporters’ Association of India said.
Lower exports from India could support global prices already trading near their highest in 8-1/2 months.
India is likely to produce 310,000 tonnes of coffee in the 2018/19 marketing year that started on Oct. 1, the lowest in five years and significantly lower than a pre-flood estimate of around 400,000 tonnes, the association said.
In the 2017/18 marketing year that ended on Sept. 30, India produced 316,000 tonnes coffee, including 221,000 tonnes of robusta and 95,000 tonnes of arabica, according to the state-run Coffee Board.
The country is starting the new season with carry-forward stocks of about 20,000 tonnes, down from 60,000 tonnes a year ago.
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