NEW DELHI: Indian coffee failed to find favour with overseas buyers in January, with exports declining 15 per cent to 10,810 tonnes due to poor demand for instant coffee and value-added products, caused by economic recession.
Total provisional exports of coffee, including value-added products, stood at 10,810 tonnes in January against 12,692 tonnes in the same month last year, a senior Coffee Board official said. The provisional export of instant coffee declined to 1,866 ton nes as on January 30 from 2,760 tonnes a year ago.
The shipment of value-added products slumped to just 1,015 tonnes from 2,751 tonnes in January 2008. Since January 30 was a holiday, no export permit was issued that day, the official said.
"A slowdown in demand due to the ongoing global economic recession has dented exports. Moreover, re-exports (shipments of value-added products), too, have slumped,'' he said. Provisional coffee export, too, dipped to 9,795 tonnes in January against 10,1 21 tonnes a year ago, he said. Russia, Commonwealth countries and Germany are India's major coffee markets
Source : Business Line