World is waking up with Indian coffee, 42% rise in exports in 2021-22: Piyush Goyal

Promising a boost to Indian Coffee Industry, country's coffee export witnessed a steady increase of 42% in 2021-22. Minister of Commerce Piyush Goyal said that coffee growers and exporters have enabled record exports of coffee, amounting to over a billion dollars. Piyush Goyal wrote on Koo app, "World is waking up with Indian coffee. 42% rise in exports in 2021-22 over previous year. Our coffee growers and exporters have enabled record exports of coffee, amounting to over a billion dollars".

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World is waking up with Indian coffee. ☕ 42% rise in exports in 2021-22 over previous year. Our coffee growers & exporters have enabled record exports of coffee, amounting to over a billion dollars.

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- Piyush Goyal (@piyushgoyal) 4 Apr 2022

This came after  export of Indian coffee decreased at an annual decline of 3 per cent between 2011-12 till 2020-21.

India's coffee exports witnessed a decline in 2020-21

According to a report by global trade finance company Drip Capital that quoted data from Directorate General of Foreign Trade (DGFT), India exported nearly $720 million worth of coffee in 2020-21 of which Robusta coffee beans export constituted 42 per cent.  drop was witnessed due to  impact of COVID-19 pandemic, wherein FY2019-20 overall export of India's coffee reached a nine-year low in dollar value. It is learned that green coffee beans' shipment was significantly impacted in March 2020, which is considered to be right period for harvesting of Robusta coffee and exports. 

According to MoneyControl report, in 2021, Indian coffee exports rose 28% because of a revival in demand in big coffee-drinking nations in  second half of year. As per  Coffee Board data, exports reached 395,716 tonnes in year and earned $950 million. This was recorded as highest figure in past decade. 

In 2020, Indian shipments had shrunk to 308,050 tonnes worth $714 million due to  COVID pandemic lockdown. It is to be ted that same continued to affect coffee exports in first half of 2021 as well.

Im: PTI/Pixabay