: Indian coffee exports up nearly 2% to 400,000 tonnes in 2022 #FinanceIndia #StockMarketNEWS Indian coffee exports up nearly 2% to 400,000 tonnes in 2022 New Delhi, Jan 2 (KNN) The coffee exports from

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Indian coffee exports up nearly 2% to 400,000 tonnes in 2022 #FinanceIndia #StockMarketNEWS
Indian coffee exports up nearly 2% to 400,000 tonnes in 2022 New Delhi, Jan 2 (KNN) The coffee exports from India rose 1.66 per cent to 4 lakh tonne in 2022 due to the rise in instant coffee exports and re-exports, according to the Coffee Board.

In the year 2021, the coffee shipment had stood at 3.93 lakh tonne. In value terms, coffee export was higher at Rs 8,762.47 crore in 2022 as against Rs 6,984.67 crore in the previous year.

As per the board’s latest data, the exports of Robusta coffee declined marginally to 2, 20,974 tonne in 2022 from 2, 20,997 tonne in the previous year. The exports of Arabica also witnessed a decline to 11.43 per cent to 44,542 tonne from 50,292 tonne.

However, export of instant coffee increased 16.73 per cent to 35,810 tonne in 2022 from 29,819 tonne in the previous year.

About 99,513 tonne of coffee was re-exported in 2022, higher than 92,235 tonne in the previous year, the data showed.

The unit per value realisation remained higher at Rs 2, 18,923 per tonne as against Rs 1, 77,406 per tonne in the period.

The major export destinations of the Indian coffee are Italy, Germany and Russia.

Coffee production is pegged higher at 3, 93,400 tonne for 2022-23 crop year (October-September), as against the final output of 3, 42,000 tonne achieved last year. (KNN Bureau)