Global coffee exports decline by 3% in October-January

NEW DELHI: World coffee exports declined by 3 per cent to 32.59 million bags in the October-January period of the current coffee year, International Coffee Organisation (ICO) has said.

The world-wide shipments of the brew were 33.61 million bags, 60 kg each, in same four-month period of the 2010-11 coffee year (October-September), according to the ICO data.

Coffee shipments globally dipped by 10 per cent to 7.99 million bags in January 2012, compared with 8.87 million in January 2011.

For the twelve months ending January 2012, coffee exports stood at 103.49 million bags as against 98.16 million bags in the same period of the previous year.

The global body on coffee has also revised its production estimate for the brew in the 2011-12 coffee year.

The output is expected to decline 1.3 per cent to 132.4 million bags in the 2011-12, from 134.2 million bags in the previous coffee year.

ICO said coffee production could be affected in the 2011-12 crop year due to adverse weather.