Indian Coffee Harvest May Increase 6.7% on Weather, Board Says
The Indian coffee harvest, Asia’s third-biggest, may climb about 6.7 percent in the current season with the help of favorable weather, according to the Coffee Board of India.
Production is set to rise to 322,000 metric tons in the 2011-12 crop year begun in October, Chairman Jawaid Akhtar said today in an interview in London. That compares with about 302,000 tons in the prior period, he said.
“We have been fortunate to have good rainfall,” Akhtar said on the sidelines of International Coffee Organization meetings scheduled to run through tomorrow. “Prices have been good” and growers were able to improve husbandry, he said.
Exports will be “similar” to the 297,000 tons shipped in the 2010-11 season, according to Akhtar. Italy, Germany and Russia are the biggest customers, and Australia, South Korea and the U.S. began importing Indian coffee recently, he said.
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