Poor Farmer

The Hindu October 23, 2011 Picture: Courtesy of The Hindu COONOOR, Oct . 23: The Coffee Board says the shortfall in global coffee production to continue this year as well. Speaking at the 118th Upasi annual meet on commodity outlook for coffee, Mr M. Chandrasekar, Secretary, Coffee Board, said: “South America is yet to recover and the shortfall for crop year 2011-12 is expected to be around 3.10 million bags.” Global arabica output is expected to be down by 6 per cent at 78.76 million bags and robusta up by 1.7 per cent at 50.71 million bags. Major production gain is seen in Columbia 10 million bags (10 per cent) Uganda 3.2 million bags (14 per cent). Shortfall is seen in Brazil 43.15 million bags (10 per cent), Vietnam 20-22 million bags (10 per cent) Indonesia 6.7 million bags (27 per cent). Coffee prices witnessed downward correction in September, but is still relatively firm, particularly in arabica. The decline is mainly caused due to disinvestment...

By Fakir Balaji IANS via TwoCircles.Net October 23 2011 Coonoor (Tamil Nadu) : Indian coffee planters and exporters are brewing profits like never before due to soaring prices and growing consumption of the aromatic beverage worldwide. Riding on surging commodity rates globally, producers of the green bean, mainly from Karnataka, and exporters are making a killing as prices in international and domestic auctions rule at historic highs on growing demand despite competition from traditional and new players. "Indian coffee growers and exporters are on cloud nine as their Arabica and Robusta bean varieties have regained ground and are competing with the best in the world for better prices on growing demand," a representative of the planters' body told IANS. A decade after cyclical highs and lows and lifting of quotas under the World Trade Organization (WTO) regime, the Indian coffee sector is at the cusp of a new era as the latest trends indicate an up...