reflexes
The increase in the rate of coffee powder may also have an impact on retail sales of coffee.
In India too, the Coffee Board has cut its production estimate by 8 percent.
In terms of coffee production, Karnataka ranks first in the country.
New Delhi. Coffee prices have continued to rise this year. There is a possibility of a further increase in the rate of coffee in the coming time. Brazil, the world’s largest coffee producer, this time due to low production, coffee rates are increasing worldwide. The Coffee Board of India has also lowered the estimate for coffee production in the country by 8 percent. Arabica coffee prices have reached the highest level in 4 months. In one week, there has been a 6 percent increase in prices. On the other hand, the Robusta coffee rate has increased by 3 percent during this period.
In reality, coffee is getting expensive because there is less supply than demand. This trend may continue further. Robusta is used in instant coffee, while Arabica is the preferred choice for Starbucks and other coffee chains. India is the fourth largest producer of Robusta coffee in the world. In this ED&F Man report it has been said that during the next year the supply problem may persist. The increase in the rate of coffee powder may also have an impact on retail sales of coffee. This can increase the price of coffee and you may have to pay more for a cup of coffee.
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Low production in Brazil
cnbctv18 hindi According to a report, in fact, due to changes in the weather, production in Brazil has been affected, so there is the possibility of a decrease in supply. It has been said in the report that the supply may remain 38 lakh bags less than the demand in the coming season. At the same time, also in India, the Coffee Board has reduced its production estimate by 8 percent. This means that coffee production will also fall in India.
Most of the coffee is produced in Karnataka.
In terms of coffee production, Karnataka ranks first in the country. According to the statistics of the National Board of Horticulture and the Coffee Board, of the total coffee produced in the country, 70.65 percent of the coffee is produced in Karnataka alone. Kerala is in the second number. Where 20.43 percent of the total coffee production is grown. Andhra Pradesh produces 3.44 percent of the country’s total coffee production.
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Tags: business news in hindi, Coffee, Inflation, price hike
FIRST POSTED: February 20, 2023 17:27 IST
