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World coffee exports up 16% in Oct 2010-Jun 2011

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Press Trust of India New Delhi

Global coffee exports rose by nearly 16% to 80.7 million bags of 60 kg each during the October 2010-June 2011, period, mainly on the back of a rise in shipments from Brazil, Vietnam, Colombia and India.

Global coffee exports stood at 69.7 million bags in the corresponding nine months of the 2009-10 coffee year, which runs from October to September.

"This level of exports during the first nine months of coffee year 2010-11 is the highest ever recorded," the International Coffee Organisation (ICO) said in its monthly report.

Exports from India rose by 71% to 4.9 million bags in the October-June period of the 2010-11 coffee year from 2.8 million bags in the same period of the 2009-10 coffee year.

Another Asian nation, Vietnam, recorded the export of 13.8 million bags during the October-June period of the 2010-11 coffee year, as against 11.3 million bags in the corresponding period of the previous coffee year, it added.

Shipments from Brazil, the world's biggest exporter, rose to 26.4 million bags in the October, 2010-June, 2011, period, compared to 22.34 million bags in the year-ago period, the ICO said.

Coffee exports from Colombia -- another major exporter -- increased to 6.7 million bags in the period under review from 5.4 million bags in the previous coffee year.

ICO indicated that rising consumption of the brew will encourage strong export performance in most of the exporting countries.

"Although retail prices have increased in many importing countries, consumption remains buoyant, encouraging strong export performance in most exporting countries," it noted.

Global coffee consumption is estimated to rise by 2.4% to 134 million bags of 60 kg each in 2010 from 131.3 million bags in 2009, ICO said.

Domestic consumption in exporting countries was estimated at 40.4 million bags in 2010, representing 30% of the world's consumption, while consumption in importing countries totalled 93.6 million bags, it said.

 

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First Published: Aug 15 2011 | 1:15 PM IST

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