TRADITIONALLY a tea exporter, India is making significant inroads into the global coffee export market with total exports during the current financial year up to November crossing the $1-billion mark for the first time, according to data from Centre for Monitoring Indian Economy (CMIE).
The sharp growth is partly attributed to a surge in Robusta coffee prices, which account for over 40% of global production, and partly due to stocking ahead of the European Union's (EU) new deforestation regulation that could raise the cost of coffee as well as several other agricultural exports to the EU.
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