Arab Today, arab today euro woes may cut india coffee exports 15
Last Updated : GMT 18:20:49
Arab Today, arab today
Arab Today, arab today

Euro woes may cut India coffee exports 15%

Arab Today, arab today

Arab Today, arab today Euro woes may cut India coffee exports 15%

Mumbai - Arabstoday

Coffee exports from India, Asia\'s third-biggest grower, may decline as much as 15 per cent this year as inventories fall and the European credit crisis curbs demand, an exporters\' group said yesterday. Shipments will drop from a record 346,850 metric tons in 2011, Ramesh Rajah, president of the Coffee Exporters Association of India, said by phone from Bengaluru. Domestic stockpiles have fallen after exporters boosted shipments in Dec-ember to benefit from a decline in the rupee, he said. Lower exports from India may help stem a decline in robusta coffee futures in London, which have slumped 32 per cent since reaching a three-year high of $2,672 per ton on March 18. Weak demand and higher global supplies may spur a sharper decline in arabica futures, which lost 5.7 per cent in 2011. \"The economic conditions in Europe are not looking good,\" Rajah said. \"Italy, which is our largest buyer, is having problems. Greece, another major buyer, is also in trouble.\" Economies in the euro region will contract 0.2 per cent in 2012 from 1.6 per cent growth last year, according to the median of 21 economist estimates compiled by Bloomberg. India exports around 70 per cent of its total coffee output mainly to Europe. \"None of the buyers want to carry inventories and everybody is in the wait and watch mode,\" Rajah said. \"Arabica coffee prices may remain around current levels, while robusta may drop 10 per cent by March on a higher crop globally.\" Global robusta production will outpace demand by 2.5 million bags this season, according to Macquarie Group Ltd. Output in Vietnam, the biggest exporter of beans used in instant drinks and espressos, will rise 9 per cent to 21.25 million bags weighing 60 kilograms (132 pounds) this season, according to a Bloomberg News survey.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today euro woes may cut india coffee exports 15 Arab Today, arab today euro woes may cut india coffee exports 15

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today euro woes may cut india coffee exports 15 Arab Today, arab today euro woes may cut india coffee exports 15

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday