July 16, 2012 / 6:43 AM / 5 years ago

India coffee up on good export demand

MUMBAI, July 16 (Reuters) - Coffee prices in India rose in
the auction held on Thursday, helped by firm export demand,
auctioneer J. Thomas & Co said in a statement.
    "Exporters were active on arabica plantation, arabica cherry
and robusta parchment premium grades on offer," the statement
said.
    Arabica plantation A grade prices were higher by 700 rupees
per 50 kg as compared with the previous auction whereas arabica
cherry PB and AB grade prices rose by 600 - 650 r u pees per 50
kg.
    Out of the total 213,346 kg offered for the sale, around
70,000 kg were sold at the auction, the statement said.
    Indian coffee exports dropped 2 percent year-on-year to 
196,496 tonnes in the first seven months of the coffee year that
started in October 2011.  
    The country is likely to produce 320,000 tonnes of coffee   
for the crop year to September, higher than the 302,000 tonnes  
produced a year ago, the board estimates. 
 ========================================================       
Grade         Price range                                       
========================================================= 
    Season (2011-12) Crop                                       
  
    ARABICA PLANTATION  
    
    AA                    11,000
    A                     10,900
    C                      9,500  -  9,600
    BBB                    6,000  -  6,050
      
   ROBUSTA PARCHMENT                      
    PB                    9,500  -   9,950
    AB                   10,000  -  10,500
    AA                   10,200  -  10,700
    RKR                  10,650 
    C                     9,250  -  9,400
    BBB                   6,800 
      
    ARABICA CHERRY  
    PB                   9,400  
    AB                   9,850
    AA                   10,250  -  10,400  
    A                    10,200    
    BBB                   6,800  
          
    ROBUSTA CHERRY 
    AB                    6,950
    AA                    7,150  

 (Reporting by Deepak Sharma; Editing by Prateek Chatterjee)

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