The price of arabica coffee has come down due to global trends. The situation has created a shortage in the availability of arabica coffee as the growers are unwilling to sell their produce at the current market rates.
The farmgate prices of coffee which were around Rs.16,000 per 50 kg bag at the beginning of October, have dropped to barely Rs.13,000. The robusta variety which is extensively grown in the country also has been affected by the price drop.
The price fall is reported to have been highly linked to global price trends. Mahesh Shashidhar, chairman of Karnataka Planter’s Association said that the situation would be a concern if the prices don’t improve from the current levels.
Moreover, bad weather and labour shortages also worsen the situation where the farmers are hesitant to make a decision with regard to selling their produce at the current rates.
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Last updated: 22/12/2023
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