India: Coffee Semi-annual
Post forecasts the Indian coffee crop for marketing year (MY) 2016/17 (Oct/Sep) at 5.1 million 60-kg bags. Higher global prices for both Arabica and Robusta varieties, coupled with a smaller Indian crop, are pushing domestic Indian prices to their highest levels this year. Although Post expects this will increase opportunities for Indian coffee bean exporters, it will decrease domestic demand from last year. Carryover stocks are expected to be at similar levels as last year keeping the prices in check.