Business Standard

Global coffee exports decline 1.4% in Oct-Dec

Image

Press Trust of India New Delhi

World coffee exports declined by 1.4% to 24.39 million bags in October-December 2011, the International Coffee Organisation (ICO) has said.

The world-wide shipments of the brew stood at 24.74 million bags of 60 kg each in October-December 2010.

The said quarter is also the first quarter of a coffee year that runs from October to September.

Following a fall in exports in the first month of the current crop year, global shipments of coffee had witnessed a marginal rise in November.

However, world coffee exports fell marginally to 9.14 million bags in December 2011 from 9.20 million bags in the year-ago period.

 

While, coffee exports in November 2011 rose marginally to 7.78 million bags from 7.75 million bags in the same period of the previous year, shipments of the brew had declined by 9% to 7.11 million bags in October 2011 as against 7.79 million bags in October of the 2010.

However, coffee exports in calender year 2011 rose by 8% to 103.68 million bags compared to 95.85 million bags in 2010 calender year.

The global body on coffee has also revised its production estimate for the brew in the 2011-12 coffee year.

Coffee output is expected to decline by 1.3% to 132.4 million bags in the 2011-12 coffee year from 134.2 million bags in the 2010-11 coffee year.

In December last year, the ICO had revised the global coffee production estimate for the current coffee year to 128.6 million bags, 1.2 million bags more than the forecast it made in November, 2011.

According to the ICO, coffee production could be affected in the 2011-12 crop year due to adverse weather.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 02 2012 | 1:54 PM IST

Explore News