Coffee growers hit by sharp decline in prices

A steep fall in the price of Robusta coffee during the harvest season and low production owing to climate change are worrying coffee growers in south India, a major coffee cultivating region in the country .Spot price of raw Robusta coffee in Wayanad on Saturday was Rs. 3,618 a bag (54 kg) compared with Rs. 4,320 about 40 days ago.The price of coffee beans declined to Rs. 120 per kg from Rs. 140 in the period. “Recent reports on bumper coffee production in Brazil, a major coffee-producing country, in the coming season, and increase in production in Vietnam this year owing to favourable climate in coffee growing areas is the major reason for the price fall,” says C.K. Salu, coffee exporter and secretary, Kerala Coffee Processors and Dealers Association.A recent forecast from Brazil said that coffee production there would reach 62 million bags in the coming season, up from 52-55 million bags (60 kg to a bag) last year, he said, adding the total production in India was 5 million bags a year.

Source Link : https://www.thehindu.com/todays-paper/tp-business/coffee-growers-hit-by-sharp-decline-in-prices/article25815902.ece

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