India: Coffee Annual
Link to report:
FAS India forecasts marketing year (MY) 2024/25 coffee production (Oct/Sep) at 6 million 60-kilogram bags. Deficit pre-monsoon rains (Mar/May) are expected to negatively impact yields, as fruit setting drops significantly in major growing regions. Farmgate prices of both Arabica and Robusta have risen by 13 percent and 15 percent respectively from last month. Global supply pressures (tight stocks and lower projected output) due to inclement weather is driving Robusta prices sharply higher and supporting arabica coffee prices as well. Post forecasts export demand to remain firm at 6.3 million 60-kilogram bags. Domestic consumption is forecast to rise by two percent to 1.3 million 60-kilogram bags driven by thriving demand for soluble instant coffee.