NEW DELHI (Commodity Online): On the back of growing demand and good international prices, India's coffee exports is likely to cross the target of 235,000 tons, according to Jawaid Akhtar, Chairman, Coffee Board.
With the falling Indian currency against the dollar, the exporters would enjoy good earnings, according to a report in The New Indian Express.
Eurozone is the major importer of Indian coffee, accounts for around 58% exports of India. The board is planning to tap new markets to widen that trade boundary.
Presently, US is the largest consumer of coffee and India is trying to access the US market with the Indian coffee varieties. Also Japan, South Korea, New Zealand are other destinations, reported The New Indian Express.
Meanwhile, the internal demand is also high, mainly in North India. The Board is also planning to make efforts to promote coffee consumption in these regions.
India is eexpected to produce around 322,000 tons of coffee during 2011-12 Coffee Year (CY).
On Inter-Continental Exchange (ICE), the coffee for March delivery traded at 224.35cent on 19th January.
