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New Delhi. Coffee prices have continued to rise this year. There is a possibility of further increase in the rate of coffee in the coming time. World’s largest coffee producer Brazil, this time due to low production, the rates of coffee are rising all over the world. The Coffee Board of India has also reduced the estimate of coffee production in the country by 8 percent. Arabica coffee prices have reached the highest level in 4 months. Within a week, there has been an increase of 6 percent in the prices. On the other hand, the rate of Robusta coffee has increased by 3 percent during this period.
Actually, coffee is becoming expensive due to less supply than demand. This trend may continue even further. Robusta is used in instant coffee, while Arabica is the preferred choice of Starbucks and other coffee chains. India is the fourth largest producer of Robusta coffee in the world. In this report of ED&F Man, it has been said that during the next one year, the problem regarding supply may persist. The increase in the rate of coffee powder can also have an impact on retail coffee sales. 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 BrazilCnbctv18 hindi According to a report, in fact, due to changes in the weather, production in Brazil has been affected, due to which there is a 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 next season. At the same time, in India too, the Coffee Board has reduced its production estimate by 8 percent. This means that coffee production will also fall in India.
Most coffee is produced in Karnataka In terms of coffee production, Karnataka ranks first in the country. According to the statistics of National Horticulture Board and Coffee Board, out of the total coffee produced in the country, 70.65 percent of coffee is produced in Karnataka alone. Kerala is on the second number. Where 20.43 percent of the total production of coffee 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 PUBLISHED : February 20, 2023, 17:27 IST
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