2018 may not be hot for coffee exporter
India, Asia’s third-largest producer and exporter of coffee, witnessed 17 per cent growth in the last calendar year in terms of quantity. As per Coffee Board's data overall exports in 2017 jump to US$ 95.88 crore as against US$ 81.87 crore in the year 2016.
This may be attributed to excess production in the last year which resulted in a reduction in coffee prices. Lower price along with superior quality crop led to a spurt in the overall demand. However, going forward production of Robusta in India is expected to come down by ~20 per cent compared to 13.96 per cent (30,300 MT) as per the estimation of the Coffee Board.
On a full year basis, in 2017, coffee prices moved southward as two of the largest coffee producers i.e. Brazil and Vietnam expected a bumper crop. Vietnam’s production is forecast to rebound by 3.2 million bags to a record 29.9 million as an ideal weather will lead to good flowering and fruit-set.
With higher production in other countries, Indian planters and exporters are expected to witness price pressure in 2018. Further, southward movement in coffee prices might discourage planters to enhance production.
Below are US coffee prices during 2017.
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)