World Is Waking Up With Indian Coffee, 42% Rise In Exports In 2021-22: Piyush Goyal
Promising a boost to the Indian coffee industry, the country’s coffee exports increased by a steady 42 percent between 2021 and 2022. Commerce Minister Piyush Goyal stated that coffee growers and exporters have enabled record coffee exports worth more than a billion dollars. On the Koo app, Piyush Goyal wrote, “The world is waking up to the aroma of Indian coffee. Exports will increase by 42 percent in 2021-22 over the previous year. Our coffee farmers and exporters have enabled record coffee exports worth more than a billion dollars “‘.
This followed a three-year decline in Indian coffee exports of 3% per year between 2011-12 and 2020-21.
According to a report by global trade finance firm Drip Capital, India exported nearly $720 million worth of coffee in 2020-21, with Robusta coffee beans accounting for 42% of total exports. The decline was attributed to the impact of the COVID-19 pandemic, with India’s overall coffee exports reaching a nine-year low in dollar terms in FY2019-20. It is learned that the shipment of green coffee beans was significantly impacted in March 2020, which is considered the optimal time for Robusta coffee harvesting and exports.
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Source: Coffee Talk