After announcing initiatives for tea sector in the supplement to the national foreign trade policy, the government is now preparing a relief package for coffee sector - hit by disease and debt burden. | |
| Aimed at providing relief to coffee growers, especially small growers, the package will be unveiled in the current budget session and is likely to include rephasing/rescheduling the all types of coffee loans""short, medium and long-term, official sources said. |
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| The package could also have some initiatives by Coffee Board to enhance exports from the country. |
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| Coffee sector has been facing problems in the last few years due to fall in global coffee prices. The government had in fact announced a relief package in 2002 also to address the woes of the sector. |
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| However, the sector that was impacted by the stem borer is still reeling under huge debt burden even though international prices have started looking up. |
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| This package is being designed so that small growers reeling under debt burden can reap advantage of this rise in prices. |
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| Not just the international prices but the domestic prices are also witnessing an upper trend and going by analysts forecast, the movement will continue in near future. |
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| International prices are witnessing new highs riding on the expectations of a fall in production in coffee exporting countries such as Brazil, Vietnam and Indonesia during October-September, 2005-06, analysts said. |
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| India, which mainly produces robusta variety of coffee witnessed a 7.97 per cent decrease in production at 2,49,761 tonnes. |
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