Lower shipments by India, the world's sixth-biggest coffee producer, could further stiffen global prices of arabica, which jumped 50 per cent in 2014.
MUMBAI: India's annual exports of coffee are set to drop by more than a tenth in the marketing year ending September 30, hit by lower output of the arabica variety as farmers' demand for higher prices erodes overseas competitiveness.
Lower shipments by India, the world's sixth-biggest coffee producer, could further stiffen global prices of arabica, which jumped 50 per cent in 2014. Italy, Germany and Belgium are India's main coffee buyers.
MUMBAI: India's annual exports of coffee are set to drop by more than a tenth in the marketing year ending September 30, hit by lower output of the arabica variety as farmers' demand for higher prices erodes overseas competitiveness.
Lower shipments by India, the world's sixth-biggest coffee producer, could further stiffen global prices of arabica, which jumped 50 per cent in 2014. Italy, Germany and Belgium are India's main coffee buyers.
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