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Dip likely in coffee exports
- India is looking at Japanese and South Korean markets for its coffee exports, which are expected to decline by 15-18 per cent this fiscal, following the eurozone debt crisis and the economic slowdown in the West.
- Coffee exports are likely to fall to 2.40-2.50 lakh tonnes in 2011-12 from 2.94 lakh tonnes in the previous year mainly on account of sluggish demand in Europe, one of the major destinations for about two thirds of India's coffee exports.
- At present, Japan and South Korea and not among the major importers of Indian coffee.
- The crop this year is backed by good rains across the main growing regions of Karnataka, Tamil Nadu and Kerala.
- Besides, the expansion of crop in non-traditional areas of Andhra Pradesh and Orissa was adding up to the output
- Domestic demand for coffee had also gone up
