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World coffee exports decline by 3% in Oct-Nov

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Press Trust of India New Delhi

Global coffee exports fell by 3% to 15 million bags in October-November, International Coffee Organisation (ICO) said.

Worldwide shipments of the brew stood at 15.5 million bags of 60 kg each in the October-November period of the 2010-11 coffee year (October-September), ICO data said.

Exports in November 2011 rose marginally to 7.78 million bags from 7.75 million bags in the same period of the previous year.

Coffee exports had declined by 9% to 7.11 million bags in October 2011 as against 7.79 million bags in October of the 2010.

For the 12 months ended November 2011, Arabica coffee shipments totaled 67.1 million bags compared to 63.5 million bags last year, while that of Robusta amounted to 36.9 million bags compared to 32.1 million bags in the same period.

In the 2010-11 coffee year, world coffee exports rose by 9% to a record 103.1 million bags as against 94.3 million bags in the 2009-10 coffee year, as per ICO data.

ICO has also revised its global coffee production estimate for the current coffee year to 128.6 million bags, which is 1.2 million bags more than the forecast it made in November last year.

In the 2010-11 crop year, world coffee production is estimated at 133.1 million bags, which includes 83.2 million bags of Arabica and 50 million bags of the Robusta variety.

 

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First Published: Jan 06 2012 | 2:50 PM IST

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