December 10, 2012 / 8:48 AM / 5 years ago

Indian coffee prices extend losses

MUMBAI, Dec 10 (Reuters) - Indian coffee prices edged lower,
extending their losses for another week, weighed by limited
export enquiries and selective purchases by local traders,
auctioneer J. Thomas & Co said in a statement.
    Coffee offered for auction at this time of the year is
generally left over from the previous crop year and usually
fetches lower prices due to inferior quality.
    Arabica Plantation PB prices were lower by 50-100 rupees per
50 kg, while few lots of A grade were lower by 100 rupees per 50
kg.
    In the export market, coffee shipments fell by 10 percent to
35,527 tonnes during Oct-Dec. 6 period. In value terms also, it
fell 12 percent to $106.25 million in the same period.
    
    ========================================================
    GRADE                                 PRICES
    ========================================================
    Season (2011-12) crop
    Arabica plantation
    PB                      8,750-8,950
    A                                   8,300
    AA                                  8,610
    BBB                                 5,500-6,100
    
    Arabica Cherry
    PB                                  8,150
    AB                                  8,250
    BBB                                 6,000
    
    Robusta Cherry
    A                                   7,850
    B                                   7,750
    =================================================

 (Reporting by Siddesh Mayenkar; Editing by G.Ram Mohan)

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