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.
India's coffee exports rose to a record high of $1,146.9 million between April and November in FY24, compared to $803.8 million during the same period last year, registering a 29 per cent rise. This figure is nearly double the exports during the same period in FY21, which stood at $460 million.
This story is from the January 01, 2025 edition of Financial Express Pune.
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This story is from the January 01, 2025 edition of Financial Express Pune.
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