Indian Economy News

Coffee exports rise 12% to US$ 1.28 billion in 2023-24 on higher demand

In FY24, India's coffee exports experienced a notable increase of 12.22%, reaching a total value of US$ 1.28 billion, per data from the Commerce Ministry. This export surge was primarily driven by heightened demand for Robusta coffee in global markets. Comparatively, in 2022-23, India exported coffee worth US$ 1.14 billion. India holds the position of being Asia's third-largest producer and exporter of coffee, cultivating both Arabica and Robusta varieties. Notably, Arabica coffee beans contain lower caffeine than Robusta beans, offering a sweeter and smoother taste. At the same time, Robusta tends to be more bitter and harsher on the palate.

Regarding volume, coffee shipments from India saw a rise of 13.35% during the January-March period of 2023-24, amounting to 1,25,631 tonnes. This signifies a notable increase from the 1,10,830 tonnes exported during 2023. Major destinations for India's coffee exports include Italy, Russia, the UAE, Germany, and Turkey. These countries represent significant markets for Indian coffee on the global stage.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.