India's coffee exports increased marginally by 2.33% to 312,382 tonne for the calendar year ended December 2013 as against 305,247 tonne exported in the previous year.
In value terms, the exporters earned $835.02 million, a decline of 8.20% over the previous year. Last year, the value was $909.66 million. In rupee terms, however, the exporters earned Rs 4,692.58 crore as against Rs 4,637.87 crore.
The unit value realisation was lower at Rs 1,50,219 per tonne as against Rs 1,51,938 per tonne in the previous year.
The exports were especially higher during the last quarter of 2013. Bean exports during the period (October to December 2013) went up 34.44% to 58,413 tonne as against 43,448 tonne in the corresponding period last year.
While the value in rupee terms went up due to rupee depreciation to touch Rs 902.27 crore as against Rs 706.99 crore a year ago, the unit value realisation was lower at Rs 1,54,463 per tonne as against Rs 1,62,720 per tonne in the same period last year because of decline in the prices globally.
The depreciation of rupee and rush to clear off carry forward stocks were seen as the main reasons for the jump in exports during the last quarter of 2013. Growers, especially small and medium, rushed their stocks as they were in need of money to meet the harvesting expenses for the current crop year. The harvest for Arabica and Robusta is progressing in major growing regions of South India, exporters said.
Ramesh Rajah, President, Coffee Exporters’ Association of India said that while the rupee depreciation helped exporters earn higher dollar revenues during the year, the lower prices in the international markets offset the gain. Over the last year, Arabica prices have declined as much as 45% to 110 cents per lb in the international markets. Huge off-year crop harvested by Brazil triggered the price crash during the last one year.
Of the total exports, Arabica beans accounted for 17.4% at 54,378 tonne, while the majority came from Robusta variety at 258,004 tonne.
Italy continued to be the main market for Indian coffee in 2013, accounting for 24.56% of the total exports. It was followed by Germany (9.76%), Russian Federation (6.58%) and Belgium (5.55%).
CCL Products (India) Ltd, Allanasons Limited, NKG Jayanti Coffee Pvt Ltd, Nestle India Ltd and Tata Coffee Ltd were the top exporters of coffee during the year.
Source:- business-standard.com
No comments:
Post a Comment