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Coffee in India would be slightly costlier for the domestic consumers in 2012-13 as United Nation Department of Agriculture (USDA) has pulled the forecast downwards to 5.1 million bags (1 bag = 60 Kg), around 4 %, due..

28 May 2012

BANGALORE (Commodity Online): Coffee in India would be slightly costly in 2012-13 as United Nation Department of Agriculture (USDA) has pulled the production forecast downwards to 5.1 million bags (1 bag = 60 Kg), around 4 %, on normal to average weather forecast over the major growing areas in the country.

According to the USDA report, robusta production is expected to be around 3.4 million bags from 3.6 million bags, While arabica output is forecast at 1.66 million bags from earlier 1.72 million bags for 2012-13.

Coffee is the fast growing non-alcoholic beverage among youths in the country. Around 1 million bags is consumed on average per year in India. Rest of the quantity produced is exported and mostly to Europe.

But, exports demand is likely to remain dull due to the present Euro zone worries.

In India, the third largest producer, 5.3 million bags is expected to be produced for 2011-12 and is Mostly grown in Karnataka, Kerala and Tamil Nadu.

In Inter-Continental Exchange (ICE), Coffee for July delivery traded up 0.90 cents to 167.80 cents per bushel on 25th May.


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