World coffee exports up 16% to 9 m bags: ICO bl-premium-article-image

PTI Updated - July 01, 2011 at 02:51 PM.

Global coffee exports in May rose 16 per cent to 9.2 million bags of 60 kg each on the back of increased demand, the International Coffee Organisation (ICO) has said.

In the year-ago period, the exports stood at 7.94 million bags.

According to ICO, global shipments in the first eight months of the coffee year (October 2010-May 2011) increased by almost 17 per cent to 71.94 million bags compared with 61.62 million bags in the same period of the previous year.

ICO has pegged the output for the current year at 133 million bags. It expects the output in 2011-12 period at 130 million bags, while the United States Department of Agriculture in its recent report has forecast the production at 135 million bags.

Published on July 1, 2011 09:19