Arabica growers have to wait till year-end to benefit from rise in global prices
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Coffee output pegged at record 3 69 lakh tonnes for 2021-22 - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
As coffee prices slip, growers turn jittery
April 19, 2021
×
Exporters, traders attribute current fall in prices to international market trend, withdrawal of export incentives; falling rupee only positive
The reversal in coffee price trend has left growers worried in key producing states such as Karnataka and Kerala as they complete the harvest and gear up to start operations such as pruning and manuring for the next season.
Farm gate coffee prices in Karnataka have dropped by 6-7 per cent over the past four months, even as global prices have turned volatile during this period. Arabica May 21 futures on ICE have risen to 132 cents per pound last week, from about 128 cents in early April. Similarly, Robusta May 21 futures on LIFFE are hovering around $1,365 a tonne, up from $1,350 in early April.
Pepper imports from Sri Lanka up 10% in December, domestic growers worried
Pepper is imported duty-free by the oleoresin industry, which argues that Indian pepper is unsuitable in view of its lower oil content, a claim contested by growers. January 30, 2021 / 02:58 PM IST
A 10 percent increase in pepper imports from Sri Lanka in December has left the domestic pepper industry worried, especially at a time when there is a shortage of containers and vessels.
“In December 2020 alone, 822 tonnes of pepper were imported against 80 tonnes in December 2019. The imports came at eight percent customs duty from Sri Lanka under the SAFTA (South Asian Free Trade Area) and duty-free under ISFTA (Indo-Sri Lanka Free Trade Agreement) with licence from the DGFT (Directorate-General of Foreign Trade,” said Kishor Shamji, Indian Pepper and Spice Traders, Growers, Planters Consortium (IPSTGPC) Coordinator.