India, known for its mass consumption and export of tea, is making significant leaps and bounds in coffee exports. According to the data from the Centre for Monitoring Indian Economy (CMIE)
the total exports of coffee in the FY 2025 upto November crossed the $1 Bn mark for the first time. The data further revealed that the sharp growth is partly because of a hike in Robusta coffee prices and partly because of the stocking of coffee due to the European Union’s new deforestation regulation that could raise the cost of coffee.
According to Reuters, the prices of Robusta coffee beans have inflated by 63% this year alone. Moreover, the prices of these beans rose to an all-time high of $4,667 per metric ton on the London-based ICE Futures Europe market in June.
Miracle or Progress?
According to government officials, unlike Tea, coffee didn’t share the same fate. Coffee penetrated the premium segment of the exports, which is not the case with Tea. This growth marks a significant milestone in Indian exports. However, it raises the question of whether this growth is natural.
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A recent United States Department of Agriculture (USDA) study mentioned that Brazil’s (World’s largest exporter) drought and high temperatures resulted in lower production. The study mentioned that production fell by 2.6 million bags to 40.5 million. Vietnam, the second-largest coffee producer, suffered the same fate. The country reported that its coffee production fell below the estimated production.
