| Date: |
13-10-2010 |
| Subject: |
Coffee Exports to cross 2.1 LT mark in FY11: Board |
|
NEW DELHI: Coffee exports from the country will cross the targeted 2.1 lakh tonnes mark in the current fiscal by a wide margin, thanks to around 75% jump in shipments in the first half, a top Coffee Board official has said. "Our target for exports for the current fiscal was 2.1 lakh tonnes.
Going by the first six months data, the shipment will far exceed the target," Coffee Board chairman Jawaaid Akhtar said. India, Asia's biggest coffee exporter, had exported 2.04 lakh tonnes coffee last fiscal.
During April-September period of the current fiscal, India's shipments increased by around 75% to 1.56 lakh tonnes, up from 89,140 tonne in the year-ago period. Akhtar said that exports would go up substantially due to a few factors, including higher domestic production and a fall in production in other countries, leading to a supply-demand mismatch internationally.
"India sends 70% of its production to the export markets. Naturally, an increased production within helps India to dock more overseas," he said.
Source : economictimes.indiatimes.com
|