Global coffee exports drop 1.22% in Aug: International Coffee Organisation

NEW DELHI: Global coffee exports fell by 1.22 per cent to 8.84 million bags in August due to sharp fall in shipments from countries like Indonesia and Colombia, according to the International Coffee Organisation.

Worldwide coffee shipments were 8.95 million bags in the same month of last year. One bag contains 60 kg of coffee.

According to ICO's latest data, shipments from Colombia fell to 0.88 million bags in August from 0.93 million bags in the same month last year.

Similarly, exports from Indonesia declined to 0.55 million bags from 0.95 million bags, while shipments from India too fell to 0.29 million bags from 0.39 million bags in the review period.

However, the shipments from Brazil, the world's leading exporter, rose to 3.01 million bags last month, from 2.65 million bags a year ago.

The exports from Vietnam - the world's second biggest exporter - increased to 1.72 million bags from 1.20 million bags in the review period.

Shipments from Ethiopia also increased to 0.34 million bags in August, compared with 0.27 million bags a year ago.

Total global coffee exports from October-August in the 2013-14 marketing year stood at 10.10 million bags, slightly lower than 10.31 million bags in the year-ago period.