World coffee exports drop nearly 12% to 8.77 mn bags in April this year, informs ICO

NEW DELHI: Global coffee exports plunged by around 12 per cent to 8.77 million bags in April this year, as per the information revealed by International Coffee Organisation (ICO).

In the similar month of the last year, the worldwide overseas shipments of the brew stood at 9.93 million bags of 60 kg each.

The decline in exports of the brew is witnessed in the second consecutive month after global export volumes increased by 7 per cent to 9.32 million bags in February, 2012 from 8.67 million bags in the year-ago period.

The shipments of world coffee slipped by almost 7 per cent to 9.88 million bags in March, 2012 as opposed to 10.59 million bags in the year-ago period.

During the initial seven months of the current coffee year, exports declined by 4 per cent to 60.3 million bags from 62.83 million bags in the October-April period of the 2010-11 coffee year.

For the 12 month period ended April 2012, total coffee shipments were lower at 101.99 million bags as against 103.35 million bags in the previous year period.